Net profit is:
A) the excess of income over expenses that a business records during a period.
B) the excess of expenses over revenues that a business records during a period.
C) the amount of revenue that a business reports during a period.
D) the amount of resources created by a business during a period.

Question

Quizplus · Accepted Answer

Net profit is the excess of income/revenues over expenses that a business records during a period. It represents the true earnings of a business after all expenses have been deducted from its revenues.

Net Profit Is