this slides r about accounting profit & economic profit

1. Accounting &Economic profit By, Swathima.S & Swethanjali .D

3. The business earns money after selling their goods or services.

5. Thus we can say that an accounting profit is the excess of accounting income over accounting expenses. Accounting Profit = Total Income – Total Expenses

10. When compared to economic profit, the accounting profits are only given during leap years.

11. When considering accounting profits, it is defined as the revenue deducted from the explicit costs.

14. Thank you