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    MANOLIS74's Avatar
    MANOLIS74 Posts: 1, Reputation: 1
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    #1

    Nov 27, 2007, 04:42 PM
    Between cash and profit?
    What is the difference between cash and profit?
    student 101's Avatar
    student 101 Posts: 53, Reputation: 1
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    #2

    Nov 27, 2007, 04:54 PM
    Cah is the money you own and have to spend in the conpany and profit is the difference between your revenues and expenses
    uhhleesha's Avatar
    uhhleesha Posts: 105, Reputation: 21
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    #3

    Nov 27, 2007, 05:04 PM
    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 (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
    student 101's Avatar
    student 101 Posts: 53, Reputation: 1
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    #4

    Nov 27, 2007, 05:10 PM
    Not exacly when referring to cash in accounting your referring in money set up in the bank and show in the books, real cash is only set up in a petty cash account.

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