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What Is Profit ?!

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Money Talk > Investing, Stocks and Bonds

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loopsspirtal
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A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something.
Post Thu Nov 08, 2012 3:42 am
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rockymountain
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Re: What Is Profit ?!  Reply with quote  

Profit means A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
Post Mon Nov 12, 2012 7:35 am
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AndyDucat
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You're right.

I've seen many people getting confused about the term "profit". They take revenue/sales as profit. Though profit is revenue minus expenses.
Post Fri Dec 07, 2012 3:33 pm
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Acidify
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Profit is the word which is really good in hearing but if you know that how much efforts needed to listen that word legit then you never try to become a business man. Let see -> Unemployment -> Idea -> Market Research->Strategy -> Investor -> Day and Night Effort -> Lose -> Again new Start -> then you see a proper profit ratio
Post Tue Feb 05, 2013 6:44 am
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changealex
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The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise. Profit is reflected in reduction in liabilities, increase in assets, and/or increase in owners' equity. It furnishes resources for investing in future operations, and its absence may result in the extinction of a company. As an indicator of comparative performance, however, it is less valuable than return on investment (ROI). Also called earnings, gain, or income.


your links belong in your profile signature, not in the post body. your other posts in violation have been removed
Post Tue Feb 26, 2013 9:26 am
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Swapnil
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Profit  Reply with quote  

In normal terms profit means excess of income over expeenditure, but in accounting terms profit is measured in terms of Gross Profit and Net Profit, the Gross Profit is calculated with the following
Gross Profit = Excess of manufacturing Income to manufacturing expenses, it is the profit earned after calculating all the expenses and the sales of product and going out of stocks due to abnormal losses like loss by theft, loss by fire or goods distributed as free samples the excess which remains after deducting all the purchases and direct expenses from sales and closing stock and all abnormal losses is gross profit.
The net profit is the actual profit earned after deducting all the operating, administrative and selling and distribution expenses from the Gross Profit plus all the indirect incomes or financial income like rent received, Interest on Investments etc. and after dedcuting all the expenses from the above further the taxes and the Interest to be paid to the loan creditors is deducted to find the actual net profit after deducting Interest and Taxes and appropriations for the distribution to the owners is called as the net profit.
Post Fri Mar 01, 2013 4:51 am
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millert25
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Nice!  Reply with quote  

That is the perfect definition of profit, couldn't have said it better!
Post Fri Mar 08, 2013 2:33 am
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HumptyDumpy
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It is really nice post. It's regarding for assets.
Post Tue Sep 03, 2013 9:25 am
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sandythomas
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My opnion  Reply with quote  

Profit is also a vital source of finance for a business. Profits earned which are kept in the business are known as retained profits.
Post Mon Sep 09, 2013 11:24 am
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sandythomas
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Basically, profit is revenue minus costs. It sounds simple, but the concepts of revenue as well as cost are complex when we examine them closely.
Post Fri Oct 04, 2013 12:51 pm
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SmartSpender
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Good article,
Assets minus liabilities = worth; as is revenue minus costs = profit. Same general principle. Cut costs (liabilities) and you're revenue works better for you, increase revenue (assets) and your margin of costs for all intensive purposes should be regarded as lower.
Post Fri Oct 04, 2013 3:53 pm
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