Profit is the company's sales minus the company's expenses Accounting Essay
Net profit would be 20,000, revenue, - 10,000 COGS - 4,000 operating expenses, - 1,000 taxes - 500 interest. 4,500. In conclusion, revenue is the sum of all income that a company generates from its primary business activities. Gross profit is the income remaining after deducting the direct costs of producing goods. Cash flow and profit are essential financial measures in business. Still, it's not uncommon for people new to the finance and accounting industries to occasionally confuse the two terms. Cash flow and profit are not the same things, and it is critical to understand the difference between them in order to make important decisions about a company's performance and financial results.,