budget question

in a business can underspending (budget) be called profit or its used for for something else ??

Answer #1

It’s not profit, but if you spend less and sell the product / service for quite a bit more then it’s more likely to get profit.. I think that’s understandable lol x

Answer #2

ichibanarky ~ thanks you

Answer #3

It’s not profit, since it wasn’t based on sales, but from less cost.

It can be carried over to the next quarter, or it can be put into “envelope savings” towards a big purchase or expense.

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