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"A net profit or loss is a term used to describe profit. After paying expenses, your business either has money left over or is in the red. To stay viable as a business owner, you'll need more money coming in than going out. This profit is the amount of money left over after all expenses have been paid. Profitability is a term used to describe how profitable your firm is. This can be calculated by subtracting expenses from revenue and determining the figure that remains.
*Please ensure the reporting is done in the right spirit.
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