what is profit & loss?

Answer 1

those are terms you use when describing a business and its finances.

Profit is when a person or business is making more manoey than is going out.
Example: makes 10,000 per month - spends 5,000 on overhead and 3,000 on advertising, then the net profit each month would be 2,000.

Loss is when a person or business ends up spending more than it makes.
Example: makes 10,000 per month - spends 7,000 on overhead and 5,000 on advertising, then the net loss each month would be 2,000.

hope that helps

Answer 2

Profit, from Latin meaning "to make progress", is defined in two different ways. (Pure) economic profit is a positive return made on an investment by an individual or by business operations after all costs, including a normal return to capital and returns to risk, are accounted for. Accounting profit is the difference between retail sales price and the costs of manufacture. Accounting profit will be positive even in competitive equilibrium when pure economic profits are zero.

Accounting profits can include economic rents. For instance, a monopoly can have very high economics profits, and those profits might include a rent on some natural resource that firm owns, where that resource cannot be easily duplicated by other firms.

loss
he act or an instance of losing: nine losses during the football season.
2.
a. One that is lost: wrote their flooded house off as a loss.
b. The condition of being deprived or bereaved of something or someone: mourning their loss.
c. The amount of something lost: selling at a 50 percent loss.
3. The harm or suffering caused by losing or being lost.
4. losses People lost in wartime; casualties.
5. Destruction: The war caused incalculable loss.
6. Electricity The power decrease caused by resistance in a circuit, circuit element, or device.
7. The amount of a claim on an insurer by an insured.

Answer 3

Profit & Loss: In the Currency & Derivative Markets is a monthly business magazine founded in July 1999 especializing in Foreign exchange market and derivative markets.

Answer 4

Profit = Excees value of benefits received over the input value of the costs (measured in terms of money, emotions, time, and related values attached to a particular progression.)

Loss = Measured difference of negative values of input output relationship existed in particular / set of events with an addenda as above.

it could be in terms of relationships also. Therefore profit / loss are not meant simple money matters alone.

Answer 5

Profit=incomes-expenses.
If the expenses are more than the incomes then it is a loss & if incomes are more than expenses then it is a profit.

Answer 6

This is very simple.
You buy a computer for Rs. 10000/-
If you sell it for 11000/-, you make a profit of 1000/-
If you sell it for 9000/-, you make a loss of 1000/-
You asked, loss of 5 points. I answered, profit of 5 points

Answer 7

In simple terms :-
profit is gaining or you can say addition from what you started,to any sum of money,commodity or even goodwill by dong business activity.
Loss is diminishing of money,goodwill,commodity etc while doing business activity

Answer 8

profit - what the pimp makes from the ho's
loss - the cost of the beating that the ho took from the pimp and the client just to get the money for the pimp