I need the diffnation of Gross profit and Net Profit,
kindly brief. Thanking U.
- 3 Answers
- 5654 Views
- I also Faced
- E-Mail Answers
Answer Posted / badri
Gross profit or sales profit is the difference between
revenue and the cost of making a product or providing a
service, before deducting overhead, payroll, taxation, and
interest payments. Note that this is different than
operating profit.
Net profit-The excess of revenues over outlays in a given
period of time (including depreciation and other non-cash
expenses)
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what are the types of provisions that you would make for the end of a financial year?explain
Define `Realisation` Account? Explain the salient features?
Expand----------MTSC
Please share different type of Z report
wHAT ARE EVENTS
Explain valuation methods of Normal and Abnormal loss
why are you selecting for the controlling area same company code?
what are the certificates needed at the time of SBI clerical interview?
What is 100% EOu? what is the benifit and what is difficulty of it?
explain the difference between LIFO and FIFO?
What is fixed liabilities
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
what is the use of accounting standards
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
what is ment by master in tally?
