Q: Net profit, also referred to as the bottom line, net income, or net earnings is a measure of the profitability of a venture after accounting for all costs and taxes. It is the actual profit, and includes the operating expenses that are excluded from gross profit.\n\nBased on this passage, net profit is profit before tax or after tax? Let's give stream of consciousness first:
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To answer the question, consider the following: Net profit, also referred to as the bottom line, net income, or net earnings is a measure of the profitability of a venture after accounting for all costs and taxes. Therefore, the final answer is after accounting for all costs and taxes.
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