Question

HERE IS A QUESTION FOR YOU :-

WHAT IS DIFFERENCE BETWEEN "NET" AND " GROSS " PROFIT OR LOSS ...

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Answer 1

Hope it's help you dear...

Answer 2

heya friend!

Sheena here...

Difference between Net and Gross >>>

=> What is Gross?

Gross profit/loss is a difference between the direct revenue and the direct cost which includes all direct related material cost and direct expenses which can be identified. 

=> What is Net?

Net profit/loss is derived after gross profit/loss. Net profit/loss is the difference between the revenue and all direct expenses and also indirect expenses like depriciation and other indirect cost like taxes and salaries etc.

=> Gross profit/loss is usually explains the operational results However net profit/loss symobilises the total results.

=> Usually gross profit/loss is preffered and referred for all M.I.S informations however net profit is a parameter for taxation.

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Hope it helps!