what is gross profit?

Answer Posted / 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       View All Answers


Please Help Members By Posting Answers For Below Questions

what is cc limit and what role accountant play to maintain it?

1732


what would you contribute for bhels growth

1652


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

1550


Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

1549


EXPAND_________SEAMEC

1550






Let me know the difference between cash flow and free cash flow

1589


What si the differance between REVENUE and PROFIT?

1485


How to increase our credit rating score quickly?

1464


how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

1519


Short answer on Allowances

1505


What is the mening of uidnvhe.?

2458


What is the definition of LOSS. Give the formula if any.

1709


What are the general Ledgers?

1492


What is DECR And for wt it is used?

1665


Explain valuation methods of Normal and Abnormal loss

1609