Business Terms and Jargon Explained

What is Profit

Is the amount raised through sales less costs. Gross profit is sales less direct costs. Net profit is sales less all costs. The sales value does not include vat.

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Kwanza Testacy HTML
learning curve Retained earnings Western Union
Coin of the realm subscription privilege Jet lag
HM Customs and Excise Confirmation of Verbal Agreement Import Duty
Tax rebate WIP CEO
NIDAC Stock Exchange Lord Chancellor
Equity Double Entry Accounting Shrinkage
Id est (i.e.) Aggregates Levy Mitigating Circumstances
Progress payments NAS Ear candy
Consultancy agreement Ipsissima verba Stamp duty
Agency agreement Loti Cancellation Period
adeem CRN mutatis mutandis
Take ownership Regressive Tax Dividend cover

Term created / updated 2005-07-16 23:12:15

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