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What is net profit ??

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What is net profit ??

Posted by Arinan Aggarwal 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Naveen Sharma 7 years, 2 months ago

Ans. Net profit, often referred to as net income, is the amount of money a company has left after all expenses, including taxes, have been subtracted from total revenue. Net profit is reported on a company's income statement and is one of the key indicators of the success or failure of a company's business operation during a given time period.

The actual formula for calculating net profit is:

Net Profit = Total Revenue - Total Expenses

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