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Profits, Revenues and Expenses
the amount of money left over after a business has paid for the cost of producing its goods and services
government or business income
expenses that fluctuate and over which you have some control, such as food and entertainment
expenses that occur regularly and must be paid regularly, such as rent and car insurance
the report of the financial state of a business on a certain date
a report of a business's net income or net loss over a specific period
revenue is greater than expenses
expenses are greater than revenue