0
The difference between profit and nonprofit companies is the purpose for which those companies were formed and the tax status they were granted. Nonprofits exists to serve a purpose and may be tax exempt from certain taxes. For profit companies exist to make money, though they may also serve a purpose. They are required to pay taxes.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoI belive profit is when ure getting money from a deal or product amd profitabilty is when theres a chancee to profit off of a product or store etc.
Wiki User
∙ 12y agoCommision is a specific kind of profit. A subset.
If profit is a vehicle, commission is a truck.
Wiki User
∙ 12y agoIncome is the total sum of money brought into the business, and the profit is the fraction of that left after all costs are covered eg. production costs, wages etc.
Add your answer:
Earn +20 pts
What is the Difference between brokerage and commission?
difference between broker and commission agent
What is difference between non profit and not for profit?
There is no difference.
Difference between not for profit and non profit?
No difference.
What is the difference between non profit hospitals and for profit hospitals?
What is difference between trust run and for-profit hospitals
What is the difference between not-for-profit and non-profit?
No difference. They mean the same thing.
What is the difference between not-profit and non-profit?
No difference. They mean the same thing.
What is the difference between non-profit and not-for-profit?
There is not difference; they mean the same thing.
What is the difference between dividend and profit share?
difrent between profit and divident
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
In accounting profit is the difference between what?
difference between revenue and costs
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What is the difference job profile between short service commission and permanant commission in the Indian Army?
The difference in job profile between a short service commission and a permanent commission within the Indian Army is the difference between getting paid only when in the military (short service) and receiving a state pension upon retirement (permanent commission).
