The Place Where Losses End and Profits Begin Is Known

question 26

Short Answer

The place where losses end and profits begin is known as the __________ point.

---

Definitions:

Cash Payments

Outflows of cash to settle obligations or purchase goods and services.

Voucher

A written authorization or proof of transaction that details the terms and conditions of a financial exchange or payment.

Liability

A financial obligation or amount owed by a business or individual to another entity.

Account Receivable

Funds that customers owe to a business for products or services they have received but have not paid for.