SlideShare a Scribd company logo
1 of 1
Download to read offline
Profit is the difference between:
a. the assets purchased with cash contributed by the owner and the cash spent to operate the
business
b. assets and liabilities
c. the amounts received from customers for goods or services and the amounts paid for the inputs
used to provide the goods and services
d. the incoming cash and outgoing cash
Solution
Profit is the difference of the enterprises's revenues and expenses.
Revenue is always taken as normal revenue which is earned from normal course of bussiness.
Expenses is always taken as normal expenses which is incurred from normal course of bussiness.
so answer is c) the amounts received from customers for goods or services and the amounts paid
for the inputs used to provide the goods and services

More Related Content

More from info785431

Write a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdfWrite a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdf
info785431
 
Why has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdfWhy has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdf
info785431
 
What is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdfWhat is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdf
info785431
 
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdfUSING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
info785431
 
The Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdfThe Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdf
info785431
 
The following results were obtained in the patient from Case Study 25.pdf
The following results were obtained in the patient from Case Study 25.pdfThe following results were obtained in the patient from Case Study 25.pdf
The following results were obtained in the patient from Case Study 25.pdf
info785431
 
Please help with this genetics problems The intermediates that build.pdf
Please help with this genetics problems The intermediates that build.pdfPlease help with this genetics problems The intermediates that build.pdf
Please help with this genetics problems The intermediates that build.pdf
info785431
 

More from info785431 (20)

Write a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdfWrite a JAVA LinkedListRec class that has the following methods siz.pdf
Write a JAVA LinkedListRec class that has the following methods siz.pdf
 
Write a BFS algorithm using only arrays and no other data structure..pdf
Write a BFS algorithm using only arrays and no other data structure..pdfWrite a BFS algorithm using only arrays and no other data structure..pdf
Write a BFS algorithm using only arrays and no other data structure..pdf
 
Why has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdfWhy has one prominent textbook author described IO management as the.pdf
Why has one prominent textbook author described IO management as the.pdf
 
which is true of the data shown in the histogram Which is true of th.pdf
which is true of the data shown in the histogram Which is true of th.pdfwhich is true of the data shown in the histogram Which is true of th.pdf
which is true of the data shown in the histogram Which is true of th.pdf
 
What is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdfWhat is the value of studying humanities in a business or technical .pdf
What is the value of studying humanities in a business or technical .pdf
 
What are the two components of dynamic pressureVelocity and densi.pdf
What are the two components of dynamic pressureVelocity and densi.pdfWhat are the two components of dynamic pressureVelocity and densi.pdf
What are the two components of dynamic pressureVelocity and densi.pdf
 
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdfUSING JAVAImplement the quicksort optimization median-of-three, i.pdf
USING JAVAImplement the quicksort optimization median-of-three, i.pdf
 
There are 40 students in our class. How many ways they can be lined .pdf
There are 40 students in our class. How many ways they can be lined .pdfThere are 40 students in our class. How many ways they can be lined .pdf
There are 40 students in our class. How many ways they can be lined .pdf
 
The Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdfThe Task For this assignment you will write a rudimentary text edi.pdf
The Task For this assignment you will write a rudimentary text edi.pdf
 
The SIP handles what functionsA.) establishes a call through the .pdf
The SIP handles what functionsA.) establishes a call through the .pdfThe SIP handles what functionsA.) establishes a call through the .pdf
The SIP handles what functionsA.) establishes a call through the .pdf
 
The NBA decides to look into the use of meldonium in the league foll.pdf
The NBA decides to look into the use of meldonium in the league foll.pdfThe NBA decides to look into the use of meldonium in the league foll.pdf
The NBA decides to look into the use of meldonium in the league foll.pdf
 
The organelle that serves as the digestive system in the cell is the .pdf
The organelle that serves as the digestive system in the cell is the .pdfThe organelle that serves as the digestive system in the cell is the .pdf
The organelle that serves as the digestive system in the cell is the .pdf
 
The major type of interactive forces between molecules of NH_3 are .pdf
The major type of interactive forces between molecules of NH_3 are  .pdfThe major type of interactive forces between molecules of NH_3 are  .pdf
The major type of interactive forces between molecules of NH_3 are .pdf
 
The group of taxa that have fully developed appendages can be best de.pdf
The group of taxa that have fully developed appendages can be best de.pdfThe group of taxa that have fully developed appendages can be best de.pdf
The group of taxa that have fully developed appendages can be best de.pdf
 
The Law of Independent Assortment states thatA. Two different gene.pdf
The Law of Independent Assortment states thatA. Two different gene.pdfThe Law of Independent Assortment states thatA. Two different gene.pdf
The Law of Independent Assortment states thatA. Two different gene.pdf
 
The following results were obtained in the patient from Case Study 25.pdf
The following results were obtained in the patient from Case Study 25.pdfThe following results were obtained in the patient from Case Study 25.pdf
The following results were obtained in the patient from Case Study 25.pdf
 
Security National Bank is quoting 1-year certificates of deposit wit.pdf
Security National Bank is quoting 1-year certificates of deposit wit.pdfSecurity National Bank is quoting 1-year certificates of deposit wit.pdf
Security National Bank is quoting 1-year certificates of deposit wit.pdf
 
Recently, the stock market took big swings up and down. A survey .pdf
Recently, the stock market took big swings up and down. A survey .pdfRecently, the stock market took big swings up and down. A survey .pdf
Recently, the stock market took big swings up and down. A survey .pdf
 
Problem 4.7. Tuberculosis is a rare disease in developing countries. .pdf
Problem 4.7. Tuberculosis is a rare disease in developing countries. .pdfProblem 4.7. Tuberculosis is a rare disease in developing countries. .pdf
Problem 4.7. Tuberculosis is a rare disease in developing countries. .pdf
 
Please help with this genetics problems The intermediates that build.pdf
Please help with this genetics problems The intermediates that build.pdfPlease help with this genetics problems The intermediates that build.pdf
Please help with this genetics problems The intermediates that build.pdf
 

Recently uploaded

Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 

Recently uploaded (20)

Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Asian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptxAsian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 

Profit is the difference betweena. the assets purchased with cash.pdf

  • 1. Profit is the difference between: a. the assets purchased with cash contributed by the owner and the cash spent to operate the business b. assets and liabilities c. the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods and services d. the incoming cash and outgoing cash Solution Profit is the difference of the enterprises's revenues and expenses. Revenue is always taken as normal revenue which is earned from normal course of bussiness. Expenses is always taken as normal expenses which is incurred from normal course of bussiness. so answer is c) the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods and services