what is accpunting ? What is intangible Accounting?
What is Gross profit ? what is Net profit?
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Answer Posted / geetika
Gross profit is the difference between sales and cost of
goods sold. Thes cost can include manufacturing expenses,
raw material , labour etc.
Accounting is defined as "The art of recording,
classifying, and summarizing transactions and events in
terms of money and interpreting the results thereof.
Net Profit is the difference between Company Expenses and
Revenue and itis also known as net income and net earnings.
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