What is Profit?
Answers were Sorted based on User's Feedback
Answer / sredhar s
In simple terms profit is the diffeence between sales and
cost incurrred by the organisation.
Profit = Sales or turnover - Cost or expenses
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / raju malode rnr
Income over expenditure and profit means it take its own
meaning depending upon the situation means Gross Profit and
Net Profit. Gross Profit=(Purchase+direct exps)-
(sales+closing stock), Net Profit=(Indirect Expenses)-
(Indirect Income).
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rajesh
profit means revenue over expenditure is called profit
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sunil
There are two type of profit. One is net profit and second
is Gross profit. Net profit means Indirect expenses
(administrative Expenses)over the Indirect Income.
Gross Profit means (Purchases+direct expenses)- (Closing
stock+ net sales.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srinivas annavarapu
Profit is a measure of success of a business.
Total Income / revenue - total expenditure = Profit
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / abhay
PROFIT means revenue is greater than expenditure. When we
deduct cost of goode sold from sales we get gross profit +
indirect income - indirect expenses = netprofit.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srihari.p
In simple term 'excess of totalrevenue over the total
expenditure is called profit.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhishek dhoot
Profit is the difference between the income of the business
and all its costs/expenses. It is normally measured over a
period of time.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sumitra.raghavan
profit is excess of revenue over expense
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kamal
in general the profit means sales is more than the cost of products.
profit= sales - cost of product.
Is This Answer Correct ? | 0 Yes | 0 No |
my client wont maintain customer wise credit control area how we maintain credit control customer wese?
What help does effective marketing provide with?
What is the process for purchasing of any thing in a MNC if it is a constructions company.
- Stock market are known for there volatility but ever wondered what makes share market volatile and what causes stock price to change? Stock market works on demand and supply model. This article covers price changing pattern of share market
Is it possible to restrict the premium payment for a lesser number of years than the duration of the policy?
Hi...im doin ma project in retail banking n ma topic s "study of performance of various retail loan produts in a bank"...can any1 throw light on developing a questionnaire on this... it shd include the diff categories of loans in it Thanxxx in advance
How is SBI different from other banks?
What are limited liability companies? What are its two types?
What is the difference between sensex and nifty
What is Subsidiary Company?
0 Answers Joint Stock Company,
WHAT IS RISK MANAGEMENT? (specifically for Risk Management students)?
What is the formula to calculate enterprise value?