Profit is the difference between which of the following?
A) retained earnings and cost of goods sold
B) revenue and expenses
C) assets and liabilities
D) notes payable and accounts payable

Question

Quizplus · Accepted Answer

Profit is the difference between revenue (the money earned by a business) and expenses (the money spent by a business). It is not related to retained earnings, cost of goods sold, assets, liabilities, notes payable, or accounts payable.

Profit Is the Difference Between Which of the Following