Net Profit refers to:
A)The result of deducting liabilities from the assets of the firm.
B)The result of subtracting cost of good sold from revenues.
C)The result of deducting depreciation expense from revenues.
D)The net earnings after the deduction of all expenses,including tax expense.

Question

Quizplus · Accepted Answer

Net profit is the amount of earnings left over after deducting all expenses from revenues, including tax expense. Option A refers to net assets, while option B refers to gross profit. Option C refers to operating profit.

Net Profit Refers To