The amount that revenues exceed expenses is termed _____.

Question

Quizplus · Accepted Answer

The term used to describe the amount that revenues exceed expenses is profit. Option A is incorrect because interest refers to the cost of borrowing money or the return earned on savings/investments. Option B is incorrect because credit refers to the ability to obtain goods or services before payment, or an entry in a financial account that increases liabilities or equity. Option D is incorrect because overhead refers to the expenses of running a business that cannot be directly attributed to a specific product or service.

The Amount That Revenues Exceed Expenses Is Termed _____