what is the diffrence between gross profit& net proffit?

Answer Posted / priyanka

gross profit is the result of the operating activities i.e.
sale and purchase (items of the trading a/c)whereas while
calculating net profit we also take into consideration the
non-operating expenses and income(items of p&l a/c).

Is This Answer Correct ?    53 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

1591


What is written off?

1659


Define capital

2627


What is the analytical way of accounting?

1749


What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

1794






In SAP FICO How many ways we are Procuring the assets in the Company?

2165


If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1605


Who to create a budget on software company

1626


why do you think you are sutable candidate for this post

1600


I want to know with example of vat & Salestax

1893


What is Budgeted capital ?

1533


why should we are preparing BRS

1581


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1685


give me only one transactions in both side (debit&credit) should be in real accounts

1737


What is the process of VAT & CST Registration?

2013