what is the difference between gross profit and net profit?
Answers were Sorted based on User's Feedback
Answer / swarnatsk
gross profit is the difference between sales and cost of sales.net profit is the difference between sales and all expences.
Is This Answer Correct ? | 17 Yes | 3 No |
Answer / jagdish kumar verma
the difference between gross profit is the amount of
product and sale process Amount Between subtracting in net
sale of product equal to gross profit Ex:- (product
production+sale process amount-Net Sale=Gross Profit)and
the Net Profit means the amount of production,sale process
and all depriciation charges subtracting of Sale amount of
Product equal to Net profit.Ex:-(production amount+sale
process+depriciation charges-Net Sale of Product=Net Profit)
Is This Answer Correct ? | 2 Yes | 1 No |
Hi Im Safayat. Gross profit is calculated by subtracting the
cost of goods sold from net sales. (Net sales - Cost of
goods sold = Gross profit) And Net profit is calculated by:
{Gross profit - Operating expenses (General+Marketing)+ Non
operating income - Non operating expenses } = Net Profit.
Now u know the difference.
Is This Answer Correct ? | 2 Yes | 2 No |
Hi Im Safayat. Gross profit is calculated by subtracting the
cost of goods sold from net sales. (Net sales - Cost of
goods sold = Gross profit) And Net profit is calculated by:
{Gross profit - Operating expenses (General+Marketing)+ Non
operating income - Non operating expenses } = Net Profit.
Now u know the difference.
Is This Answer Correct ? | 1 Yes | 3 No |
11. EOQ is the order quantity that========== over our planning horizon a) Minimizes total ordering costs b) Minimizes total carrying costs c) Minimizes total inventory costs d) The required safety stock
9 Answers FactSet Systems, GHK,
PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?
what is difference between depreciation and amortization ?
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
What is debit and what is credit ?
Dear Friends i want to know full details about TDS and VAT. So please guide me a website which having the details of TDS,VAT.
The liabilty positions of 1.sole proprietor 2.Partnership 3.Company
what is the opposite journal of account receivables?
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
difference between borrow and raise
1 Answers State Bank of Hyderabad SBH,
how we will prepare n file income tax returns for individuals?explain
market capitalisation