Micro-society

week-5 Profit Loss

This week we had our very first simulation, it first caused some trouble with the wrong amount of money but when it was sorted it out, everything was fine. We set up our business and started to begin the simulation. Other business's were kind of failing, but my business went quite well. I think it was because it was my actual talent.

We also discussed about profit loss, which means the gain and loss arising from commercial or other transactions, applied especially to an account or statement of account in bookkeeping showing gains and losses in business.