Question

The balance remaining after deducting gross profit from sale is called​

Answer 1

Answer:

The balance remaining after deducting Cost of Goods Sold (COGS) from business revenue is called Gross Profit. Cost of Goods Sold is comprised of expenses directly related to the production of income.

Answer 2

Answer:

The balance remaining after deducting Cost of Goods Sold (COGS) from business revenue is called Gross Profit. Cost of Goods Sold is comprised of expenses directly related to the production of income.