Gross_profit

Gross_profit - w 1/2(W) Gross profit From Wikipedia, the...

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Accountancy Key concepts Accountant U Bookkeeping U Trial balance U General ledger U Debits and credits U Cost of goods sold U Double-entry system U Standard practices U Cash and accrual basis U GAAP / IFRS Fields of accounting Cost U Financial U Forensic U Fund U Management U Tax Financial statements Balance sheet U Income statement U Cash flow statement U Equity U Retained earnings Auditing Financial audit U GAAS U Internal audit U Sarbanes –Oxley Act Professional Accountants CPA U Chartered Accountant U CGA U CMA Gross profit From Wikipedia, the free encyclopedia In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit (earnings before interest and taxes). Net sales are calculated: Net sales = Gross sales – Sales of returns and allowances. Gross profit is found by deducting the cost of
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This note was uploaded on 06/17/2011 for the course AFM 101 taught by Professor Kennedy during the Spring '08 term at Waterloo.

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Gross_profit - w 1/2(W) Gross profit From Wikipedia, the...

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