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Term of the Day
profit and loss account
below-the-line expenditure
close off
Definition
This is the
net profit
for a
company
once
expenses
have been taken out.
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
negotiable
net profit
net worth
Related Terms
below-the-line expenditure
final accounts
close off
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