In accounting terms, the remainder after balancing assets and liabilities is known as?

The remainder after balancing assets and liabilities represents the value that remains for the owners or shareholders after all debts and obligations have been settled. This concept is captured by the term 'profit,' which signifies the financial success of a business once all expenses, including liabilities, have been deducted from total revenues.

In a business context, when the revenues exceed the expenses, the positive difference is referred to as profit. This metric is vital because it serves as an indicator of a company's financial health, showing how effectively it generates income compared to its costs.

Other potential terms in the choices represent different financial concepts. Gross revenue refers to the total income generated before any deductions; net loss indicates that expenses exceeded revenues, resulting in a negative figure; operating expense relates to the costs incurred during the normal course of business operations, but does not reflect the remaining value after liabilities have been cleared. Hence, the distinction between profit and these other terms is significant, making profit the most accurate response to the question.