The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is
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Correct Answer: Option A
Explanation:
Net profit is the actual profit after working expenses not included in the calculation of gross profit have been paid. It is the difference between gross profit and expenses. e.i gross profit - expenses
Net profit is the actual profit after working expenses not included in the calculation of gross profit have been paid. It is the difference between gross profit and expenses. e.i gross profit - expenses