What is the difference between net profit and Income?

Question

Mir Irfan · Answer

The earnings of an organization is its income which is also called Gross earnings (reflected in trading account) on the other hand when we deduct all operating expenses plus interest plus depreciation plus taxes from the gross profit we arrive at the figures of net profit .

Yasir Nazeer · Answer

Net profit after taxes is the net income of the organization less all taxes. It is the sum of all revenues less all expenses, including cost of goods sold and all taxes.

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What is the difference between net profit and Income?

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