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GeekInterview.com > Interview Questions > Accounting > Cost Accounting
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Question: Gross and Net
Answer: The term Gross and Net are often heard in business.please give examples where these terms are used ? |
| March 03, 2009 09:31:02 |
#1 |
| keshav_ramanuja |
Member Since: March 2009 Total Comments: 2 |
RE: Gross and Net
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Gross amount is before deducting taxes and duties net amount is after deducting taxes and duties...
In terms of expenses, net profit = gross profit -(minus) indirect expenses.
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