derrickchileshe43 derrickchileshe43
  • 12-03-2022
  • Business
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1) Explain the following terms used in trading account cross profit, Gross loss carriage ​

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RobertOnBrainly
RobertOnBrainly RobertOnBrainly
  • 12-03-2022

Cross Profit :

The profit a company makes after deducting all costs associated with creating and selling its products or services is known as gross profit. By subtracting the cost of goods sold (COGS) from total sales, you may compute gross profit.

Gross Loss Carriage :

the entire sum of a company's losses from various operations in a given period, even if some of these activities are profitable: The corporation announced a second-quarter gross loss of $17.15 billion today.

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