Which of the following statements is true of profit in a business?
A) It is the difference in the number of customers served between two financial years.
B) It is the financial reward that comes from starting and running a business.
C) It is the difference between the stock at the start and end of an inventory reporting period.
D) It is estimated by calculating the total interest amount due when a business has availed multiple loans.

Question

Quizplus · Accepted Answer

Profit is the financial reward that comes from starting and running a business, representing the surplus after all expenses are deducted from revenue.

Which of the Following Statements Is True of Profit in a Business