Re: Treasurer Update - October
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Terminology / words / English language
Profit —- surplus
Loss -- deficit.
If you are given £100 to spend and only spend £90 you have a surplus of £10 to spend on something else.
If you buy something for £90 and sell it for £100 you have made a profit.
A business can take profit out of the business.
A not-for-profit business can not take money out of the business.
>>>> Former Nuneaton Boro fan <<<<
Edited by VS Boro at 18:26:03 on 18th November 2024
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Next article in this thread: Re: Treasurer Update - October by Lord of the Manor18/11 18:44Mon Nov 18 18:44:55 2024
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