what is gross profit?

Answers were Sorted based on User's Feedback



what is gross profit?..

Answer / mohd akber

The final representation of how much money a company has
earned. From doing business over the course of a year, shown
on the company's Income statement. It takes all the money a
company has received from operating and subtracts all
expenses, Including operating Expenses financing costs and
taxes. Net profit is calculated as total revenue minus total
expenses.

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

Expand-------ARCD

1 Answers  


Maximum % of Basic Salary

1 Answers  


.,can someone tell me how to compute the subscribed capital share?

0 Answers  


i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..

1 Answers  


what is subsidiary book?

23 Answers   IBM, ICICI,






If income and expense both are equal then what it depicts

0 Answers   Telco,


Calculate Maximum allowable remuneration to working partners as for section 40b of the Income Tax Act 1. In case of professional firm'' 2. Incase of Business Firm

6 Answers  


What Do You Mean By A Business Event?

3 Answers  


what is impairement?

3 Answers   Genpact,


what is outstanding expences give example

3 Answers  


EXPAND___________ISRO

2 Answers  


Nature of training account with reason

0 Answers  


Categories