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Re: Treasurer Update - October

By VS City (VS Boro)18/11/2024 18:25Mon Nov 18 18:25:10 2024In response to 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