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Diff between Net profit & Gross profit?

Answer Posted / barodianbuddy(acca)

SIMPLY (ACCORDING TO IAS 1),
GROSS PROFIT= REVENUE - COST OF SALES
NET PROFIT OR PROFIT FOR THE YEAR = GROSS PROFIT + OTHER INCOME - DIST EXPEN - ADMN EXPEN - OTHER EXPEN - FINANCE COST - INCOME TAX EXPENSE.

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