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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Gross means the total or whole amount of something, whereas net means what remains from the whole after certain deductions are made. For example, a company with revenues of $10 million and expenses of $8 million reports a gross income of $10 million (the whole) and net income of $2 million (the part that remains after deductions).corporatefinanceinstitute.com/resources/accountin…The term gross refers to the total amount made as a result of some activity. It can refer to things such as total profit or total sales. Net (or Nett) refers to the amount left over after all deductions are made. Once the net value is attained, nothing further is subtracted. The net value is not allowed to be made lower.www.diffen.com/difference/Gross_vs_NetIn a broad context, the term "gross" is used to refer to all of something. It is typically used in a financial context to describe the total amount of money earned before subtracting certain costs and payments. On the other hand, "net" is typically used to describe the actual amount of money that remains after accounting for all expenses involved.www.fool.com/investing/how-to-invest/net-vs-gross/Gross as an adjective can be defined as “without deductions; total, as the amount of sales, salary, profit, etc., before taking deductions for expenses or taxes.” Or as a noun, gross refers to the total income from sales, or salary before any deductions. This looks at the big picture sale price, while net looks at the end profit.www.dictionary.com/e/net-vs-gross/Gross income is the total income before anything is subtracted. Net income is the remaining income after deductions are subtracted. Gross income is useful for analyzing sales. Net income is useful for analyzing profitability. Both gross and net income are used in taxes and financial statements.www.wallstreetoasis.com/resources/skills/accounti…
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