BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -When your sales revenue (the total amount you bring in from sales) exceeds your direct expenses (cost of goods sold), your business has made a gross profit. Gross profit is a valuable measure of whether your pricing policy, volume of sales and cost of goods sold will make your business a profit.

Detailed explanation-2: -Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question.

Detailed explanation-3: -Net Income Definition When revenues exceed expenses, the company has a net profit.

Detailed explanation-4: -There are three main measures of profit. These are gross profit, operating profit and net profit.

Detailed explanation-5: -Cost profit is the benefit shown up according to costing records and financial profit is shown up from the financial records. Financial profit: Financial profit is net gain acquired in the wake of taking away all dollar costs from absolute income.