Profit is a reflection of reduced liabilities and increased assets.
Profit is a surplus remaining after total costs are deducted from total revenue. It is the best known measure of success in any business or enterprise.
Profit is a reflection of reduced liabilities and increased assets. It also forms a major form of investment in future operations.
Earning profit single most driving force of running commercial enterprises. The simple formula in calculating profit is: Profit = Total revenue – total expense.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
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- What is Foreign Investment?
- What is Economic Reform?
- What is Industrial Reform?
- How are the Reforms and Fiscal Policies Linked?
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- What is a Labour Market?
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- What is the Public Enterprise?
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