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Accountancy Quick Question

  • 17-06-2006 8:28pm
    #1
    SirCretop
    Registered Users Posts: 112 ✭✭


    In the 1999 Exam paper question 5, what is the figure for net profit? I take it the 70,000 is the operating profit so how do you get net profit??????


Comments

  • #2
    fatal
    Closed Accounts Posts: 2,424 ✭✭✭fatal


    SirCretop wrote:
    In the 1999 Exam paper question 5, what is the figure for net profit? I take it the 70,000 is the operating profit so how do you get net profit??????
    the one just after the dividends one is the net profit for the present year


  • #3
    SirCretop
    Registered Users Posts: 112 ✭✭SirCretop


    i don't think it is.


  • #4
    fatal
    Closed Accounts Posts: 2,424 ✭✭✭fatal


    SirCretop wrote:
    i don't think it is.
    thats what net profit always is isnt it?????


  • #5
    SirCretop
    Registered Users Posts: 112 ✭✭SirCretop


    u're saying net profit is retained profit, which it is not.


  • #6
    fatal
    Closed Accounts Posts: 2,424 ✭✭✭fatal


    SirCretop wrote:
    u're saying net profit is retained profit, which it is not.
    damn how do i always get an A1 in accounting lol?????


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  • #7
    SirCretop
    Registered Users Posts: 112 ✭✭SirCretop


    man, i always get a1 too as it's a piece of piss really. trust me, retained profit is not net profit.


  • #8
    MB44
    Registered Users, Registered Users 2 Posts: 301 ✭✭MB44


    you dont need net profit. operating = 70000 and take away interest to get net.


  • #9
    NADA
    Closed Accounts Posts: 636 ✭✭✭NADA


    MB44 wrote:
    you dont need net profit. operating = 70000 and take away interest to get net.
    You beat me to it.


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