Accountancy, asked by thanushree59, 1 month ago

give the meaning of gross profit​

Answers

Answered by hetvi456
6

Answer:

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Explanation:

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).

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Answered by 5469579advaithy
3

Answer:

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).

Explanation:

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