PROFIT BEFORE TAXES Definition

Bookmark and Share

PROFIT BEFORE TAXES (PBT) is a profitability measure that looks at a companys profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax.

Learn new Accounting Terms

CONTROLLABLE COST see CONTROLLABLE EXPENSE.

ERROR OF COMISSION is an error that occurs as a result of an action taken. In accounting, the error occurs when one or both of the double entries are made in the correct class of account but the wrong account within that class.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.