what is the difference between gross profit and net profit?
Answer Posted / safayat
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 |
Post New Answer View All Answers
what is leverage n detail and tpoes of leverage with iagram?
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
Short Answer on __________written Down value
Do you need an income statement if you do part time contract work at home?
Who to create a budget on software company
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
emplementation of accounting standerds in Bangladesh, developing or copieng?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
why gross profit transfering to profit & loss account
Please explain a Representative Personal Account.
EXPAND___________IMF