0
Net Profit and Net Income are interchangeable terms.
I think all the taxes are include in Income. and in net profit means no any tax.
Ex.,. my income is 100 rs and my net profit is 90..10 rs deduct in tax.
I don't agree with you.
Definition 1
In business, what remains after subtracting all the costs(namely, business, depreciation, interest, and taxes) from a company's revenues. Net income is sometimes called the bottom line. also called earnings or net profit.
Definition 2
For an individual, gross income minus taxes, allowances, and deductions. An individual's net income is used to determine how much income tax is owed.
Definition
Often referred to as the bottom line, net profit is calculated by subtracting a company's total expensesfrom total revenue, thus showing what the company has earned (or lost) in a given period of time (usually one year). also called net income or net earnings.
In an Income statement / Profit or loss account, net profit is calculated after deducting tax (go through any annual report of an organization).
(source: Investorwords.com)
Wiki User
∙ 14y ago
Wiki User
∙ 12y agogross profit is the the total amount you get after selling an item before you subtract the total expenses or costs uncured.
net profit is the gross profit minus expenses.
Add your answer:
Earn +20 pts
Difference between net income and revenue?
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
What is Profit or loss account?
Profit and loss is nothing but an statements which shows the net profit and net loss during a period.
What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
Is net profit the same as net income?
Net profit is not the same as net income. There are many things that can be deducted on a tax return form from net profit that reduce net profit down to net income.
What is the difference between cost and revenue?
Revenue is the profit made from an activity, while cost is the price something is.
What is the difference between net income and net profit?
Profit is seen when expenses from the revenue are taken out, while income is seen when all expenses incurred by a business are subtracted. Profit refers to the difference between how much money is spent and earned in a given time period, while income represents the actual amount of money earned in a given time period. INUKA Fragrances
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
Is net income the same as net profit?
Yes. Net income is generally calculated the same way on net profit.
Difference between gross income and net income?
JLJLHLHLHIIH
What is the difference between net contribution to net profit?
net contribution is contribution from customers while net profit is from all expenses deducted
I have net profit dollars how do you calculate net profit percntage?
(Net profit/Net Revenue) * 100 = Net Profit Percentage Ex: Net Revenue = 10,000 USD Expenditure = 7500 USD Profit = 2500 USD Profit Percentage = 2500/10000 * 100 = 25%
Are revenues the same as net income?
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
