vasim muglihalkar


{ City } margao goa
< Country > india
* Profession * accountant
User No # 94760
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Question { 9240 }

What is the diff. between gross profit and net profit?


Answer

Gross Profit = (Sales+Closing Stock+Direct Income)-(Opening
Stock+Purchases+Direct exp)

Net Profit = (Gross Profit+All indirect income)-(All
operating exp)

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