Author: Terms compared staff

While all business entities strive to earn profits, there may be certain circumstances in which they incur losses. Loss primarily occurs when the monetary cost or expense of a resource or transaction exceeds the monetary value...

Earning profit is the ultimate goal of all business and commercial activities. Simply put, profit is the excess of income over expenditure or value over cost. Business entities may generally earn profits from various sources –...

Entities receive various cash inflows at different stages of their business. From loans taken or share capital proceeds received at the time of setting up business to product sales revenue to supplementary income such as rental...