4. What is the difference between gross profit and net
profit?
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Answer Posted / amir
Gross Profit is showed Dr side in the trading A/c and it
shows that how much company gained during the period on the
sales and all the direct expenses will be included for
calculating G/P whereas Net profit is showed dr side in the
profit and loss A/c and balance of gross profit is showed
cr side in the profit and loss a/c whereas net profit is
showed liabilities side in the balance sheet and added in
the capital .
| Is This Answer Correct ? | 38 Yes | 10 No |
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