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what is the diffrence between gross profit& net proffit?
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Answer Posted / priyanka
gross profit is the result of the operating activities i.e.
sale and purchase (items of the trading a/c)whereas while
calculating net profit we also take into consideration the
non-operating expenses and income(items of p&l a/c).
| Is This Answer Correct ? | 53 Yes | 2 No |
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