abhishreshthaa
Abhijeet S
Significance:
1. Degree to which the selling price of the goods per unit may decline without resulting in the losses from operation.
2. A comparison of gross profit over the years will reveal the trend of trading results.
3. Comparison of gross profit with the other firm of the same industry will reveal the position of the firm in the same industry and the efficiency of the management.
4. It indicates the efficiency of production, purchase, sales department of the firm.
1. Degree to which the selling price of the goods per unit may decline without resulting in the losses from operation.
2. A comparison of gross profit over the years will reveal the trend of trading results.
3. Comparison of gross profit with the other firm of the same industry will reveal the position of the firm in the same industry and the efficiency of the management.
4. It indicates the efficiency of production, purchase, sales department of the firm.