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If the definition of Surplus is excess over what one need. Then When it is appropriate to use the word SURPLUS PROFIT in Accounting and Finance?

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Question ajoutée par Tegegne Abrham , General Manager , MM BEDDING INDUSTRIES PLC
Date de publication: 2015/05/23
ايمن محمد عاطف محمد
par ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

Accounting profit in simple terms is the revenue of a company minus the explicit costs of a company. It is also often the same as or very closely related to the net income on a financial statement. Net income is always found toward the bottom of the income statement (hence, the bottom line), and it's easily the most-watched number in finance. Accounting profit is calculated using methods referred to as Generally Accepted

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