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Vishwajeet Jha 6 years ago
Posted by Ankit Rathore 6 years ago
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Yogita Ingle 6 years ago
- Operating profit is the remaining income of the company after paying off operating expense whereas Net profit is the remaining income of the company after paying all cost incurred by the company.
- Operating profit helps to know how the company is managing its resources and its expense management whereas Net profit helps to know the actual profit made by the company in an accounting period.
- Operating profit help in eliminating unnecessary operating expenses whereas Net profit help to know the profit and performance of the company in an accounting period.
- In the case of operating profit is the profit that is generated from operational activities whereas Net profit is the profit generated from all source after deducting of all expenses.
- Operating profit and its calculation parameters concentrate on core operational activity of the company whereas net profit and its calculation parameters concentrate on overall activity and other sources also for calculation profitability of the company.
- Operating profit tells about the profitability of a company’s operations whereas net profit tells about the company’s abilities to generate for owners, stake owners, and shareholders.
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Vishwajeet Jha 6 years ago
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Vishwajeet Jha 6 years ago
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Balram Kumar 6 years ago
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Lunatic .. 6 years ago
Posted by Abhishek Sharma 6 years ago
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Yogita Ingle 6 years ago
Goodwill is an intangible asset associated with the purchase of one company by another. Specifically, goodwill is recorded in a situation in which the purchase price is higher than the sum of the fair value of all visible solid assets and intangible assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology represent some examples of goodwill.
There are two distinct types:
- Purchased: Purchased goodwill is the difference between the value paid for an enterprise as a going concern and the sum of its assets less the sum of its liabilities, each item of which has been separately identified and valued.
- Inherent: It is the value of the business in excess of the fair value of its separable net assets. It is referred to as internally generated goodwill and it arises over a period of time due to the good reputation of a business.
Preet Kaur 6 years ago
Posted by Abhishek Sharma 6 years ago
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Yogita Ingle 6 years ago
The Indian Partnership Act, 1932 governs partnership forms of business in India. Section 4 of this Act defines a partnership as the relationship between partners who have agreed to share the firm’s profits carried on by all or any one of them acting for all.
Posted by Abhishek Sharma 6 years ago
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Lunatic .. 6 years ago
Yogita Ingle 6 years ago
A partnership is a unique form of business in which partners work together to achieve common goals. Due to this feature of partnerships, partners are allowed to decide the terms of their relationship with each other. The documents which they do so are called partnership deeds.

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Divya Gupta 6 years ago
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