WHAT IS PROFIT IN ACCOUNTING. BASIC ACCOUNTING  TERMS. - video Dailymotion

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.