Accountancy, asked by HTop, 6 months ago

Total net profit+Total Expenses-Other income=

Answers

Answered by tuktuki8
0

Answer:

In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.

Explanation:

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Answered by tanishkajadhav982
3

Since net profit equals total revenue after expenses, to calculate net profit, you just take your total revenue for a period of time and subtract your total expenses from that same time period. Here's an example: An ecommerce company has $350,000 in revenue with a cost of goods sold of $50,000.

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