HERE IS A QUESTION FOR YOU :-
WHAT IS DIFFERENCE BETWEEN "NET" AND " GROSS " PROFIT OR LOSS ...
⭕ NO SPAMMING ⭕
Share
HERE IS A QUESTION FOR YOU :-
WHAT IS DIFFERENCE BETWEEN "NET" AND " GROSS " PROFIT OR LOSS ...
⭕ NO SPAMMING ⭕
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Sheena here...
Difference between Net and Gross >>>
=> What is Gross?
Gross profit/loss is a difference between the direct revenue and the direct cost which includes all direct related material cost and direct expenses which can be identified.
=> What is Net?
Net profit/loss is derived after gross profit/loss. Net profit/loss is the difference between the revenue and all direct expenses and also indirect expenses like depriciation and other indirect cost like taxes and salaries etc.
=> Gross profit/loss is usually explains the operational results However net profit/loss symobilises the total results.
=> Usually gross profit/loss is preffered and referred for all M.I.S informations however net profit is a parameter for taxation.
----------------------
Hope it helps!