Interested to Buy Any Domain ? << Click Here >> for more details...
What is the diff. between gross profit and net profit?
- 4 Answers
- 10805 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ashid puzhakkal, m.com.,b.ed.
Gross profit is the excess of sales over cost of goods
sold. It is the trading profit and does not cover indirect
expenses or incomes.
Net profit is the Net result of a concern after taking into
account all indirect expenes, incomes, tax etc.
| Is This Answer Correct ? | 19 Yes | 2 No |
Gross Profit represents profit relating to the core
operation or extent of core operations of the firm, where
as net profit represents over all profitability of the firm.
| Is This Answer Correct ? | 6 Yes | 3 No |
Gross Profit = (Sales+Closing Stock+Direct Income)-(Opening
Stock+Purchases+Direct exp)
Net Profit = (Gross Profit+All indirect income)-(All
operating exp)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / as
gross profit is sales-indirect exp=gross profit
net profit is=gross profit-direct exp
| Is This Answer Correct ? | 4 Yes | 16 No |
WHAT IS THE CASH CREDIT AND LETTER OF CREDIT?
what is net profit?
What is the Memorandum voucher?
What accounting records must a non-company charity keep, and for how long?
how to introduce ourself
14 Answers Infosys, Kamkuo, Voltas,
i want to know the procedure of Tds ledger in tally for Event management co,s means procedure of creating TDS ledgers and how to know the outstandigs of Tds payable and Receivables plz guide me.........
what is meant by debit and credit
22 Answers DELL, i Tech, IBM, Wipro,
what is MIGO and MIRO ?
what is the golden rules of accountancy ?withdrwal frm atm what will be the transaction ?
The liabilty positions of 1.sole proprietor 2.Partnership 3.Company
What are Mortgage Payment Problems?
Basic difference between CENVAT AND CST ?
Audit 
