Daffodil International University
Faculties and Departments => Accounting – The Language of Business => Business Administration => Business & Entrepreneurship => Financial Accounting => Topic started by: fahmidaemran on November 25, 2018, 05:16:24 PM
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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 non-operating expenses. At a corporation it may also mean after income tax expense.