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Profit is the difference between in the incoming cash and

Profit is the difference between in the incoming cash and outgoing cash the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services the assets purchased with cash contributed by the owner and the cash spent to operate the business assets and liabilities

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Accounting Basics: Profit is the difference between in the incoming cash and

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Accounting Basics: Profit is the difference between in the incoming cash and

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