it is also vital to understand the process of calculation of GST. As a registered company in India, all traders and businessmen must obtain aGSTIN(GST Identification Number) and In this article, we shall take a close look at the calculation of GST, the different tax slabs under GST, and ...
A running average is a type of average that is continually updated as new data points become available. We have the following dataset withmonthsandno. of visitorson the Exceldemy forum. We want to calculate therunning averageof the no. of visitors in each month starting from the second month...
To calculate the Taxable Amount, we will use the following formula: =J13+L13 By using the following formula, we will sum up the amounts of the products: =SUM(G13:G17) The SUM function will add up the values of the Amount column. To get the total CGST Amount, we will use the...
Over time, the net income tends to decrease. Average Cost Method In this methd to calculate COGS, it is assumed that the inventory cost is based on the average cost of the goods available for sale during the period. The average cost is computed by dividing the total cost of goods ...
day-to-day life. Whenever we go to the market to buy something, we have to perform some arithmetic operations or do specific calculations like percentages, discount, average, profit/loss, etc to calculate the amount we have to pay. So, there we should have an understanding of commercial ...
Net profit margin is calculated by dividing net profits (revenue minus expenses) by total revenue, then multiplying by 100 to convert it into a percentage. Here’s the formula for net profit margin: Revenue - expenses –---÷--- x 100 = Net profit margin Revenue Net profit margin...
Here are the steps to calculate the return on sales: You need to locate the net sales on the income statement. It can also be listed as revenue. Locate the operating profit on the income statement sheet. Be sure to not include the non-operating activities and expenses, such as interest ...
A closing inventory formula is used to determine the inventory status at the month-end. Let’s check what is an ending inventory formula with significance & how to calculate it.
The rest of the card numbers listed on the top --> I have manually calculated the totals in the GST, NET Total etc... categories (I have been using those totals to verify what totals the formula was calculating) I am in the processing of adding the full card numbers but, again, the...
However, what is very important here is that the IF function makes it possible to not only fill cells with certain numbers based on the conditions met but also calculate. For example, let's say you offer your clients various discounts based on the total value of the purchase. If the total...