Difference between revisions of "Gross profit"

Revision as of 20:00, 21 December 2018

Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
Net profit. The result after taking expenses away from the Gross Profit or Loss.
Income. Money that is earned by a business through the sale of products or services.
Profit. The difference between income earned and expenses paid. The greater the profit the better for business.

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 ==Related concepts==
 *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
-*[[Loss]]. A loss occurs when the gross profit of a business is less than the expenses the business has to pay to keep the business running. This is usually called a Net Loss.
 *[[Net profit]]. The result after taking expenses away from the Gross Profit or Loss.
 *[[Income]]. Money that is earned by a business through the sale of products or services.