Difference between revisions of "Gross profit"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Gross profit]]. Net sales less cost of goods sold. | + | :[[Gross profit]]. [[Net sales]] less [[cost of goods sold]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 19:32, 21 December 2018
Gross profit is net sales less cost of goods sold.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- 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.
