what is gross profit?

Answer Posted / mohd akber

The final representation of how much money a company has
earned. From doing business over the course of a year, shown
on the company's Income statement. It takes all the money a
company has received from operating and subtracts all
expenses, Including operating Expenses financing costs and
taxes. Net profit is calculated as total revenue minus total
expenses.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

where does the closing stock appears in the trial balance?

1605


What is the Technology used to carry out trades?

4198


what do u mean by comparative budget?

1642


i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1609


Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

2731






what is data entry? what is report generation ?in accounting how it is used .

1940


what are the importance accounting entries for AP and AR process in interview..

1255


OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

1633


what is payment method?How many payment method we can assign to company code.

1338


Expand-------ANCS

1680


what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.

1998


How do you manage the sales account in tally

1665


What do you mean by Green-shoe option?

1713


Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.

1702


what are the uniform public construction cost accounting act procedures?

1622