Question

how do you know if your earning or not?

Answer 1

Answer:

if it leads to a comfortable life and essential needs

Answer 2

A business firm knows that it is earning or profitable when its income is more than the expenditure and it is making profits.

• We can see a business is in profit when income exceeds expenditure.
• Profit is one of the most important motivating factors for anyone to do business. It is also known as the blood of any business.
• A business organisation has various expenditures like production advertisement salaries and legal expenditures.
• The source of income is the customers and they should be treated very nicely. When the income of a business exceeds all the expenditures it is said to be a profitable business.