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Profit is equal to_?

A.Income minus expenses

B.Receipts minus expenditures

C.Inflows minus outflows

D.Revenue and Expenses

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Question ajoutée par Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date de publication: 2015/07/15
Michael Lagunday
par Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

My answer is D. revenue "minus" expenses.

 

Profit talks primarily about the main line of its business activity. Income reflects the total earning of the entity whether from business or non-business activity. Revenue less expenses is equal to profit. Income is generally broader than revenue because it covers all the activity (business and non-business) while revenue reflects only the main line of business activity.

Imdad Hussain Rajput
par Imdad Hussain Rajput , Assistant Sales Manager , Forego

the correct answer is INCOME MINUS EXPENSES

Ravi Krishna Prabhakara
par Ravi Krishna Prabhakara , Professional in Accounts,Admin,Hr, Taxation & Labour Managment and Dratting on legal issues , Law firm

Option-1 is correct answer. Because  the Income from Business minus expenditure arising out of Business is nothing but Net profit.

george maher
par george maher , Telesales Team leader , Citi Bank of Egypt

A.Income minus expenses..........

Ma. Odessa Amor De Jesus
par Ma. Odessa Amor De Jesus , MSD Assistant Manager , Khumbu Enterprises, Inc

It's D... Revenue minus expenses. 

Utilisateur supprimé
par Utilisateur supprimé

Option A)income minus expenses

Yasir  Raza
par Yasir Raza , accountant/ Assistant Finance Manager , Arabian Trading & Services co. (A.T.S)

profit is always equal to revenue minus expense  

Nasir Hussain
par Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

A.Income minus expenses,,................................

Imran Ahmed Mirza
par Imran Ahmed Mirza , Accounts Supervisor , Value Added Services Corp. client at Jang Group of Newspapers

The correct answer is D.Revenue and Expenses

Salah Manasra
par Salah Manasra , Senior Product Specialist , Imdad

D - Revenue plus Expenses , or in other words selling price minus cost price ( regardless to expenses). While profit minus expenses equals Revenue.

Utilisateur supprimé
par Utilisateur supprimé

A. Income minus expenses will give us profit

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