What Is a Profit & Loss Statement?

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What Is a Profit & Loss Statement? – This is a place for the community to provide tips and advice on What Is a Profit & Loss Statement?. This topic was created by Andrew Ames and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Profit Definition | Investopedia

Published: 9 years, 4 month(s) ago | Submitted by Gregg Lawrence | permalink

A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
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For further reading: http://www.investopedia.com/terms/p/profit.asp ^[1]

Tip 2 - What is profit? definition and meaning

Published: 9 years, 4 month(s) ago | Submitted by Danny Villarreal | permalink

Definition of profit: The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise. Profit ...

For further reading: http://www.businessdictionary.com/definition/profit.html ^[2]

Tip 3 - the definition of profit

Published: 9 years, 4 month(s) ago | Submitted by will callender | permalink

Profit definition, pecuniary gain resulting from the employment of capital in any transaction. See more.
Tags: profit, online dictionary, English dictionary, profit definition, define profit, definition of profit, profit pronunciation, profit meaning, profit origin, profit examples

For further reading: http://dictionary.reference.com/browse/profit ^[3]