Described gross profit?
Submitted by: AdministratorGross profit is net sales minus the cost of goods sold. (Some people use the term gross margin and gross profit interchangeably. Others use gross margin to mean the gross profit ratio or the gross profit as a percentage of net sales.)
Gross profit is presented on a multiple-step income statement prior to deducting selling, general and administrative expenses and prior to non-operating revenues, non-operating expenses, gains and losses.
Submitted by:
Gross profit is presented on a multiple-step income statement prior to deducting selling, general and administrative expenses and prior to non-operating revenues, non-operating expenses, gains and losses.
Submitted by:
Read Online Account Manager Assistant Job Interview Questions And Answers
Top Account Manager Assistant Questions
| ☺ | What is liability account? |
| ☺ | Define assets? |
| ☺ | Described the several fields of accounting? |
| ☺ | Described deferred revenue? |
| ☺ | Described key account? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
