Gross Profit
Gross profit is the difference between revenue and the cost of goods sold (COGS). It shows how much money a business makes from its core operations before deducting overhead, salaries, or other expenses. Gross profit helps assess production efficiency and pricing strategy.
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Gain on Sale of Asset
Gain on Sale of Asset refers to the profit realised when a fixed asset is sold for more than its…
Green Accounting
Green accounting, or environmental accounting, integrates environmental costs into financial reporting. It tracks expenses and benefits related to sustainable practices,…
Gratuity
Gratuity is a statutory payment made by employers to employees as a reward for long-term service. It is typically paid…
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