Question:

What is the difference between net income and net profit?

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What is the difference between net income and net profit?

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3 ANSWERS


  1. Income is before deducting expenses

    Profit is after deducting expenses


  2. net income is before  expenses deductions while

    net profit is after deducting expenses

    can be seen as the end profit of the organisation


  3. The 2 answers given above have proved the point and they are correct and hence not repeated.

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