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What is the meaning of close the Profit and Loss Summary account?

profit is when the company is making money and a loss is the company is not making money.


Making a profit by lending money is?

Usury


What is the term used for making money?

Profit?


What are the four elements of the free enterprise system?

Competition- Different businesses can compete for business, money, etc. Profit- You can earn a profit if you are working with a company, meaning you give in work, and you get money Private Property- You can buy property, making it yours, and only yours Economic Freedom- Freedom to buy what the business men thinks will sell


What drives movie making decisions?

Money and profit are the prime movers.


What are four key elements of the free enterprise system?

Competition- Different businesses can compete for business, money, etc. Profit- You can earn a profit if you are working with a company, meaning you give in work, and you get money Private Property- You can buy property, making it yours, and only yours Economic Freedom- Freedom to buy what the business men thinks will sell


Why is profit requirement of business?

If a business is not making a profit then they are losing money if this continues a business will reach a point in which it will have no money and declare bankruptcy.


Can you differentiate between profit and non-profit making business?

any business u making money more than your expenses thas is profit otherwise loss


What is the difference between a profit and a rent?

Profit=any money made after expenses Rent=someone pays to use a property you own.


Do you have to put earnest money down when making an offer on a property?

Yes, earnest money is typically required when making an offer on a property. It shows the seller that the buyer is serious about purchasing the property.


What is the act of using money in the hopes of making a future profit?

investing


How was turtle wexler profit from the storm?

She was making money by selling candles