PriscillaTang SG I seem to have forgotten what they taught in secondary school between 'Gross' profit and 'Net' profit. Could someone enlighten me pls? Thnx
Fatum SG just remember this ... gross means everything ... net means what's left ... (in the net) ... after taxes and deductions ....
Fatum SG not in that sense .... e.g. you operate a shop ... your total takings for the month is $10000, that's your gross you minus off all your expenses of $5000 .... what's left's your net ...
shinta SG gross = Sales - purchase & all purchases related stuff like carriage net = gross - expenses like depreciation, wages, advertisement etc
Simple_Bear SG Correct... Gross profit is calculated using the trading a/c and Net Profit is calculated using the profit and loss a/c...
PriscillaTang SG ahh…. thanks alot. was trying to do the accounts then i got stuck here. i think i must go retake my o’s again. lol.
0ut of P0int SG Sgforums is great, just that if there’s more crappers and pathetic people like you, i think it will close down soon, meanwhile, it’s still going strong like what fireice has said
ShutterBug SG oh ya.. that one.. well Net profit are the profits you net with the business that you do. But GROSS Profits, well these are profits that you make from all the gross things that you do!
