Reply To: [unofficiall weekender] The 90ies called…. they want their games back.

[hobbyhubParticipant 4169xp 3]

As someone that studied Accounting at university for 3 years and worked with Accountants them extensively for over 25 years, I don’t agree with your definition of profit @sundancer.

Things could have changed since I left my previous employment, but accountancy isn’t know for its radical changes.

In accounting, there are a number of terms that include the word “Profit”:

Profit and Loss Statement – a document that lists revenues and expenditures for a business leading to a finding of whether it made a profit/loss/broke even.

Gross Profit – revenues for sales of goods or services less the direct cost of their provision.

Net Profit – Gross Profit less indirect costs (eg overheads, depreciation, interest on loans and tax)

So a business can make a profit before all investors are paid back their full investment amount.

If fact a business should make a profit before investors are paid any dividend, but I’m not that naïve to believe that is always the case.