Interested to Buy Any Domain ? << Click Here >> for more details...
I need the diffnation of Gross profit and Net Profit,
kindly brief. Thanking U.
- 3 Answers
- 7163 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / meera.m
Gross profit:
Gross profit is used for net profit.Gross profit will take
only opening stock,direct expenses,direct
income,sales,closing stock and purchase.
Net profit is used for balance sheet. Net profit will take
indirect expenses,indirect income only.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / 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 |
Answer / satyaki_raju@yahoo.com
Gross profit is the excess of revenue over the cost price
of the products and direct expenses involved before making
ready for disposal
Nett profit is the excess of gross profit over
administration overheads
| Is This Answer Correct ? | 0 Yes | 0 No |
what is vendor account group
Expand ------NACo
What is the basic difference between cash flow statement and funds flow statement
Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry
Discuss the role of cost accounting in managerial decision making?
How Many Type's of Cheques? with explanation and Examples?
Short Answer on __________Event
How can fictitious assets be measured or valued?
Define current assets
current depriciation rates for fixed assets
What is Sec 80DD in Income Tax Act
Expand DDO?
Audit 
