What is the difference between gross profit and net profit?
Gross profit is sales revenues minus the cost of goods sold.
The term net profit might have a variety of definitions. I assume that net profit means all revenues minus all expenses including the cost of goods sold, the selling, general, and administrative (SG&A) expenses, and the nonoperating expenses. At a corporation it may also mean after income tax expense.
Learn more about the Income Statement.
About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.He is the author of the 2010 Master Accounting Download Package which has been praised for it's ability to simplify accounting in a way that anybody can understand.
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i want to know the other income & other expenses which r used in income statment i.e. Rent, Interest, Dividend, Discount. that when these expense will be treated as general & Admin expneses, & when these r treated as other expense in income statments.
sir:what is the difference between cost and Expense?what should we call to this if we are using an mobile card?expense or cost
what is the difference between managment accounting and Cost accounting?
sir: Give me Details About different Ratios in financial accounting like liquidity ratio,profiyability ratio………
what is Event study in efficient market( EM )?
can u please send me detail of all your accounting books which i can study at home & then i will give ur exam so please send me cost of these books at the earliest in indian rupees. i will be thankful to you.
tell me the way also how to make your payment?
dear sir…………hopw to fine and going well
just i want to say that i want to join with online AccountingCoach
so answer me as soon as you can
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what is the difference between grossprofit and net profit
gross income after deducting operating exp. and cost of ggod sold while net income is come after deduting tax and others
can you please send me the meaning and calculationsof these accounting calculations like,margin, mark-up, rate of turnover and so on.
dear sir
please refer me the book name and it,s price in pakistani rupees smple stage of accounting for learning
sir my Q is that
why share of preferred stock are not shown and common stock are shown, as expense in income statement?