Accountancy, asked by Anonymous, 2 months ago

Explain about net profit and
gross profit.

Don't use difficult words please.. as I have to understand not to learn

Answers

Answered by nrai32

Answer:

Net profit reflects the amount of money you are left with after having paid all your allowable business expenses, while gross profit is the amount of money you are left with after deducting the cost of goods sold from revenue.

Explanation:

PLEASE MARK BRAINLIEST

as I am in 10th

Answered by bajajmuskan055

Net profit means profit left after deducting all expenses from incomes recieved.
Gross profit means profit which left after deducting cost of producing and distributing the products.

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