can you please explain it to me in a very simple way.
i searched the net but i cannot understand the terms like revenue, etc.
please give examples, like how to calculate it.
pls pls. i cant contact my cpa sister.
XPCan you tell me the difference between gross from net profit?
In the very basic of terms:
Your gross profit is all the money you take in for the sale of your goods and/or services
The net profit is what is left over after you pay all of your expenses, such as salaries, cost for raw materials, taxes, etc.Can you tell me the difference between gross from net profit?
A gross profit is your profit from sales. It's how much you get from your sales minus the cost of what you sold.
Net profit is gross profit minus the other expenses like salaries, rent, utilities.
Net Profit is the real profit that the amount of charges of production and other expences is subtracted from the gross profit.
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