- Created by: biggestdrakefan
- Created on: 09-05-21 09:30
To understand how cash differs from profit, the key is to master profit.
Profit = total revenue - total costs
- Revenue = money in
- Costs = money out
Distinguishing revenue from cash inflow:
Revenue is not the same as money coming in. Revenue is the value of sales made over a specified period: a day, a month…