what is the difference between gross profit and net profit?

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what is the difference between gross profit and net profit?..

Answer / k kiran kumar

gross profit is a profit before tax

net profit is a after tax

Is This Answer Correct ?    14 Yes 3 No

what is the difference between gross profit and net profit?..

Answer / k kiran kumar

gross profit is profit before deduction of indirect
expenditure

Net profit is after deduction of expenditure from gross
profit

Is This Answer Correct ?    8 Yes 0 No

what is the difference between gross profit and net profit?..

Answer / sonali

Gross profit is the closing balance in the debit side of
the Trading account. Trading account consists of the
factory expenses and inflow of cash.

Net profit is the closing balance at the debit side of the
P and L account. It consists of office income and expenses.

Net profit is the figure arrived at after deducting tax and
depreciation.

Is This Answer Correct ?    8 Yes 3 No

what is the difference between gross profit and net profit?..

Answer / tanmoy

Profit shown in trading acccount is Gross Profit, in which
indirect expenses & incomes are not included.

Profit shown in P/L a/c. is net Profit, it includes all
indirect expenses, overheads, selling & distribution exp,
administration exp, financial exp etc.

Is This Answer Correct ?    5 Yes 0 No

what is the difference between gross profit and net profit?..

Answer / nirmal

GROSS PROFIT - GROSS PROFIT IS PROFIT BEFORE TAX. IT IS THE
CLOSING BALANCE IN THE DEBIT SIDE OF TRADING ACCOUNT.


NET PROFIT - NET PROFIT IS PROFIT AFTER TAX.

Is This Answer Correct ?    4 Yes 0 No

what is the difference between gross profit and net profit?..

Answer / beverly

Gross profit is profit without deduction of tax while net profit is a profit after tax.

Is This Answer Correct ?    3 Yes 1 No

what is the difference between gross profit and net profit?..

Answer / kor

Gross Profit is that deducted the Fixed Costs only from
Total Sales/ Revenue
on the other hand Net Profit is that deducted all cost/
Expenses from Total Sales/ Revenue
For Example even if a company spend money in daily Tea
entertainment it will deduct in Net Profit not in Gross
Profit.

Is This Answer Correct ?    0 Yes 0 No

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