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What is the diff. between gross profit and net profit?
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Answer Posted / ashid puzhakkal, m.com.,b.ed.
Gross profit is the excess of sales over cost of goods
sold. It is the trading profit and does not cover indirect
expenses or incomes.
Net profit is the Net result of a concern after taking into
account all indirect expenes, incomes, tax etc.
| Is This Answer Correct ? | 19 Yes | 2 No |
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