WHAT IS PROFIT IN ACCOUNTING. BASIC ACCOUNTING TERMS.

ACCOUNTS BY SONIA SETIA
ACCOUNTS BY SONIA SETIA
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WHAT IS PROFIT IN ACCOUNTING. BASIC ACCOUNTING TERMS.
Transcript
00:00Hello guys, this is Sonia Setia, your accounts and eco tutor. We were doing basic accounting
00:05terms class 11th accountancy students. Term 10 we have profit. It's the income earned
00:10by the business from its operating activity. Jo business ka kaam hai operation karna, jo
00:16operations matlab jo cheezein beshna usse agar aapko income aati hai to usko aap profit
00:21bolte ho. Example kya hai, sale of goods, services se aapne jo income earned ki usko
00:26profit bolte ho. Do taraka hota hai, gross profit, net profit. Gross profit kya hai,
00:32sale kiya aapne, goods ka and services ka usse revenue aaya aur uski jo direct cost
00:37uska difference kya ho jayega? Aapka gross profit. Yeh kaha nikala jaata hai trading
00:41account mein. Net profit kya hai, is the difference between the total revenue and total
00:45expenses. Jitni bhi total revenue aapne kamayi, chahe wo aapne operating activity se kamayi,
00:50chahe other than operating activity se kamayi aur total expenses. Inka difference kya hai,
00:55net profit. Yeh kaha nikala jaata hai profit and loss account mein. Thank you so much.

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