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What is the difference between net contribution to net profit?
net contribution is contribution from customers while net profit is from all expenses deducted
Gross profit and net profit?
Gross and Net profit are virtually the same. They both calculate EBT, earnings before taxes - all overhead and salaries.
What is the Difference between Gross profit Net profit?
Gross Profit = Sales - Cost of Sales and Direct cost Net Profit = G.P - Indirect Expenses By Cyril Joseph
What called The difference between net sales and cost of goods sold divided by net sales?
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
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.
Why is there a difference between net and gross profit?
Gross profit is the total amount of money that you get. And net profit is the amount left after you subtract your costs. For example, if you sold a toy on Ebay for 100.oo dollars. Your gross profit would be 100. You spent 30 dollars on the items and 6 dollars to list on ebay. subtract your expenses from you gross profit and then that is your NET Profit.
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 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.
What is the difference between gross profit and profit?
for this answer, I have used "ULTIMATE BOOK OF ACCOUNTANCY"Ans : Gross Profit is Total Profit earned by a business.... whereas profit means net profit,it means .. Gross Profit - Indirect expenses + indirect incomes = profit or net profitFor more detail .. please see... "ULTIMATE BOOK OF ACCOUNTANCY" published by vishvas publications....
What is the difference between a net profit and a net sale?
Well net profit is the profit that you get after paying all your taxes, and after all the expenditure of the year!!! But net sale is the actual sale - Sales returns. For eg., lets say you sold goods for rs.5000 and goods amounting to 1000 were returned. So here rs.5000 was revenue and 1000 is sales returns. So net sale is 5000-1000=4000. Now consider, you have carried on some repairs in office or whatever that cost you 2000, so your net profit will be 4000-2000=2000 So, this is the main difference b/w net profit and net sales.
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
Difference between net profit and turnover?
Net Profit is the profit determined by a company after deducting the cost of product plus the cost of carrying the prdt from the gross received amount. While turnover of a company represents the total volume of sales a company does .It includes the cost price of the product plus the profit.
