What is profit? Revenue less Expenses, right? Well, this answer is partially correct but there is more to it than this as the definition of capital used influences the determination of profit.
Back to Basics – What is Profit?
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To truly assess the profitability of a company, you must understand the concept of capital used as it influences the determination of profit. https://learningmovesmountains.com/back-to-basics/
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Elearning accounting trainingBack to Basics – What is Useful Financial Information?
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