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What's the meaning of?Accounting Profit？

幫考網(wǎng)校2020-10-15 15:38:43
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Accounting profit refers to the profit that is calculated by deducting all the explicit costs (such as rent, salaries, and materials) from the total revenue earned by a business. It is also known as the net income or net profit and is an important measure of a company's financial performance. Accounting profit does not take into account implicit costs, such as the opportunity cost of using resources for one activity instead of another.
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