Question

HOTS
G. If the receipts of a certain firm are 78,786.90 and the expenses are 34,560.70,
what are the profits?​

Answer 1

Answer:

A receipt is a written acknowledgment that something of value has been transferred from one party to another. In addition to the receipts consumers typically receive from vendors and service providers, receipts are also issued in business-to-business dealings as well as stock market transactions. For example, the holder of a futures contract is generally given a delivery instrument, which acts as a receipt in that it can be exchanged for the underlying asset when the futures contract expires.