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Home > Business & Careers > Accounting   »   between cash and profit?

 
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Old Nov 27, 2007, 03:42 PM
MANOLIS74
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between cash and profit?

what is the difference between cash and profit?

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Old Nov 27, 2007, 03:54 PM   #2  
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cah is the money you own and have to spend in the conpany and profit is the difference betwen your revenues and expenses
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Old Nov 27, 2007, 04:04 PM   #3  
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Quote:
Originally Posted by MANOLIS74
what is the difference between cash and profit?
Cash
1. money in the form of bills or coins
2. prompt payment for goods or services in currency or by check

Profit
1. net income: the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
2. derive a benefit from; "She profited from his vast experience"

Source: Google and type in define: cash or define: profit
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Old Nov 27, 2007, 04:10 PM   #4  
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not exacly when refering to cash in accounting your refering in money set up in the bank and show in the books, real cash money is only set up in a petty cash account.
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