Role of Profit and Loss

Economic profit is a term used to denote the profit obtained from a process or activity. It is rather vague since it includes the positive outcome of these activities measured both in material or "real" money or nominal. From a general point of view, the economic benefit is an indicator of the creation of wealth or the generation of goods or value in the economy of a nation. The most important form of expression of business organizations advocates the current value of the financial result for a certain period of their business, investing and financing activities. ...