Answer Posted / m.sevathamarakkayar
NP means Net profit
Sales-Cost of goods sold-Expenses=Net Profit
In other words Net Profit represents the surplus of sales
made over expenditure during the accounting period. If a
deficit is made(i.e if expenditure is greater than sales)
then this results in a net loss and not a net profit.
| Is This Answer Correct ? | 4 Yes | 2 No |
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