The difference between revenue and costs is called Blank______.Multiple choice question.net income or lossexpensetaxretained earnings
Question
Solution 1
The difference between revenue and costs refers to how much profit or loss a business has made. This concept is typically referred to in accounting as "net income" when the revenue exceeds costs or "net loss" when costs exceed revenue.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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