Interested to Buy Any Domain ? << Click Here >> for more details...
I need the diffnation of Gross profit and Net Profit,
kindly brief. Thanking U.
- 3 Answers
- 6863 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / meera.m
Gross profit:
Gross profit is used for net profit.Gross profit will take
only opening stock,direct expenses,direct
income,sales,closing stock and purchase.
Net profit is used for balance sheet. Net profit will take
indirect expenses,indirect income only.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / badri
Gross profit or sales profit is the difference between
revenue and the cost of making a product or providing a
service, before deducting overhead, payroll, taxation, and
interest payments. Note that this is different than
operating profit.
Net profit-The excess of revenues over outlays in a given
period of time (including depreciation and other non-cash
expenses)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
Gross profit is the excess of revenue over the cost price
of the products and direct expenses involved before making
ready for disposal
Nett profit is the excess of gross profit over
administration overheads
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
How M-T-M losses are brought to book?
what is subsidiary book?
what is the difference between TAN and TIN?
what are responsibilities of an accountant in a company?
0 Answers Adhunik, DOT, State Bank Of India SBI,
what is operational risk and market risk in basel 2 norms.
0 Answers State Bank Of India SBI,
what will be the journal entry for this transaction? purchased furniture for personal use of rupees 2000. now tell me is it business transaction or a personal transaction??
Realization concepts of revenue?
how to do finalisation account ,pls tell me step by step ?
whether securities premium includede in calculation of Net Worth.
Expand--------AA
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
Audit 
