👉 In accounting, a "profit" is a positive cash flow that results from sales of goods or services. It represents the money earned by a business after deducting its expenses and taxes. Specifically, in accounting terms, profits are defined as: 1. Gross Profit: The difference between the total revenue and total cost. 2. Net Income (Loss): The amount of profit left over after paying all costs and taxes. It's important to note that while profits can be positive or negative, they
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