Jason is an accountant.When he is looking at clients' books,for him,profits are _____.
A)the difference between revenues and expenses
B)the sum of commissions earned and receipts
C)the difference between sales and expenses
D)the sum of sales and expenses

Question

Quizplus · Accepted Answer

Profits are calculated as the difference between revenues and expenses, which is the fundamental formula for determining profit in accounting.

Jason Is an Accountant