Understand three money ideas that answer different questions.
WHY CARE?This is here to help you understand the idea and use it—not merely finish a page.WHAT NEXT?Read the first section, explain it in your own words, then try the small task below.
OPEN ONLY WHAT YOU NEED.Start with the short answer. Expand each idea for examples, mistakes and the fuller explanation. Slides or video are added when they genuinely make the subject clearer.
01 · THE IDEAThree numbers answer three questions
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Three numbers answer three questions
IN PLAIN ENGLISH
Revenue is money earned from sales. Profit is what remains after expenses. Cash is money currently available. A business can report profit and still struggle to pay today’s bills.
02 · EXAMPLEA sale is not always cash today
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A sale is not always cash today
IN PLAIN ENGLISH
A job may be completed and counted as revenue before the customer pays.