what is gross profit?

Answers were Sorted based on User's Feedback



what is gross profit?..

Answer / mohd akber

The final representation of how much money a company has
earned. From doing business over the course of a year, shown
on the company's Income statement. It takes all the money a
company has received from operating and subtracts all
expenses, Including operating Expenses financing costs and
taxes. Net profit is calculated as total revenue minus total
expenses.

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

what is open item management?

2 Answers   Keane India Ltd,


What is Free Cash?

0 Answers   Capital IQ,


What are the benefits ofparticipation in a depository?

0 Answers   Mellon,


Define Salry for the following purpose 1.To calculate HRA

0 Answers  


hi.. inthe month of june our expenses 540.petty cash replenishment we received 530. in the next month we received the balance 10 and july petty cash replenishment for 450 + 10. how to prepare jv. eg: subry expenses a/c 540 to cash 530 to ???? 10 july: sundry expenses 450 ??????????????? 10 to cash 460 pls help

1 Answers  






What is the closing entry for outstanding amount?

13 Answers   IBM,


Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

0 Answers  


Expand M A F F

2 Answers  


you went outside to purchase vegetagles, suddently big rain came then what you will do

0 Answers   Sitel,


What's COOP

1 Answers  


2. Contingent liabilities should be recorded in the books when; a) It is probable that the future events will occur b) The amount of the liability can be reasonable estimated. c) Both (a) and (b) d) Either (a) or (b)

2 Answers   FactSet Systems, India Infoline,


I NEED RS.100 CHANGE BUT I DON,T WANT RS.10 AND I WANT ONLY 6 NOTES.

6 Answers  


Categories