0
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 else can I help you with?
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 Net profit and Divisible profit?
Net profit is net profit after tax earns by business during fiscal year while divisable profit is that amount of profit which is available for distribution to shareholders in the form of dividend.
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
How do you Calculate Return on Sale?
ROS= NET PROFIT/ SALES
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.
Gross vs net income?
Gross and NetGross refers to the total and Net refers to the part of the total that really matters.Gross vs Net IncomeIn accounting, for a P&L (profit and loss statement, Gross profit, or Gross income, or Gross operating profit is the difference between revenue and the cost of making a product or providing a service, before deducting overheads,payroll, taxation, and interest payments. Net profit is equal to the gross profit minus overheads minus interest payable plus one off items for a given time period.Gross Margin vs Net MarginGross margin is the ratio of gross profit to revenue. Net margin is the ratio of net profit to revenue.Gross is the profit from the transaction without deduction. Net is the profit from the transaction after deducting cost of goods and cost of the sale (manpower, taxes, rent, etc.)
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.
Is net gain the same as net profit?
No, Net profit is always from revenues from operating activities while net gain can be from any transaction for example from sale or disposal of old fixed asset etc.
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.
