what is the difference between gross profit and net profit?
Answer Posted / 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 |
Post New Answer View All Answers
Let me know the difference between cash flow and free cash flow
what is duties and responsibilities for clark working in sbi
what is an advance against expenses
Distinguish between sale and consignment
What's the meaning of Preferential Creditor?
How does the ration analysis help in depicting profit and loss
what is similarites between tata motors and airtel
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
please provide wct retun guide line how can prepaire that
different between acconting and elective mathematics
What is the Finalization of Accounts?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
what is mba tell me the more benefits in mba
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund