Net profit in a business is

  • A the amount of money taken out of the business by the owner
  • B the cash in the business bank account
  • C the difference between sales and cost of sales
  • D sales revenue less cost of sales expenses
waec 2014accounting

The correct answer is D. sales revenue less cost of sales expenses

Net profit is the actual profit after working expenses not included in the calculation of gross profit have been paid.

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