_____ is the difference between revenue earned and expenses incurred.
A) Profit
B) Liability
C) Gap ratio
D) Depreciation

Question

Quizplus · Accepted Answer

Profit is the difference between revenue earned and expenses incurred. It is the amount of money that a company has left over after paying all of its expenses. Liability refers to an obligation or debt that a company owes to others. Gap ratio is not a financial term, and depreciation is a method of allocating the cost of an asset over its useful life.

_____ Is the Difference Between Revenue Earned and Expenses Incurred