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BINCY

What is net surplus?

net surplus = monthly income - monthly expense this does not include the monthly savings made every month so how is it taken into consideration? ...
Feb 14 2012 08:17 PM
BINCY

What is Savings Ratio

Thank you for your kind reply. I would like to clarify one more question. Savings ratio = Net surplus/Monthly income. if the savings ratio is 25%. does it mean that the person must save 25% of his mo...
Feb 14 2012 08:57 PM
JIGNESH

How to categorize expenses in an income statement?

Dear Sir, My question is, the example taken is for the Food industry but what about for the service industry and more over for manufacturing industries where in there is lot involvement of various ...
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SAMRAT

Tally @ Goods Transport Agency. How to record expenses

We have initiated using Tally at office. Business at usual, we hire trucks for transportation which is a direct expense. The money transactions in this activity includes making a Lorry Freight vouch...
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