government grants for small business

Why is net work equals assets less liabilities let me give you an example let’s say you have assets of hundred thousand and liabilities of forty when you sell your business you hope to get one hundred thousand for the assets but don’t you have to pay off the liabilities of forty so what are the owners left with the hundred thousand less forty which is sixty so net worth of a company is assets less liabilities are you comfortable with this formula.

If so let’s go to the next one profit of the business is equal to revenue less expense what is revenue revenue is money generated by the business it could be from sales that’s the sale of goods it could be from providing a service I could be interest received from investments so what’s revenue it’s money generated by the business keyword in the normal course of business activity keyword normal money generated by the business in the normal course of business activity.

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