BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs. While revenue and profit both refer to money a company earns, it’s possible for a company to generate revenue but have a net loss.

Detailed explanation-2: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time. To arrive at this value, you need to know a company’s gross profit. If the value of net profit is negative, then it is called net loss.

Detailed explanation-3: -Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold.

Detailed explanation-4: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue. This is the final figure located at the bottom of the income statement.

Detailed explanation-5: -Net income is also referred to as net profit since it represents the net amount of profit remaining after all expenses and costs are subtracted from revenue.