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Excess of sale over cost of goods in an accounting period is termed as ______?

Excess of sale over cost of goods in an accounting period is termed as ______?

اکاؤنٹنگ کی مدت میں سامان کی لاگت سے زیادہ فروخت کو ______ کہا جاتا ہے؟
Explanation
  • Gross profit is the difference between sales revenue and the cost of goods sold (COGS) in an accounting period.
  • It represents the profit before deducting operating expenses, taxes, and other indirect costs.