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Would like to know whether to add other income with your Revenue while calculating Gross Profit or should be less after all expenses recorded ?
not included
after all expenses recorded
No.
Gross profit is only determined by operating income.
other income is not included in gross profit.it is only effected in net profit..grsoo profit is the income only derived from the sale proeedure that means GP =( net sales + closing stock) - ( openingstock + purchases )
Gross profit is purely from operating activities of the concern.Non-operating can't be included in Gross profit.
No other Income is not included in gross profit Example of other income is dispossal of Fixed Assets which wil not form part of gross profit calculation
