Profit is earned if

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Querist : Anonymous (Querist)
19 October 2012 profit is earned if

asset exceed expenditure
income exceeds expenditure
cash inflow exceeds csah outflow
income exceeds liability

19 October 2012 income exceeds expenditure

19 October 2012 Income exceeds Expenditure.



19 October 2012 But out of curiosity, i want to know was is really your doubt ?



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