what is the difference between earnings and profits
- 4 Answers
- 6412 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / aktiwari13
Earning is total Sale of the year or month and profit
decide Less all direct and indirect expense
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajukharade@yahoo.com
earnings is nothing but excess amount derived from day to day
activities e.g sales services etc and profit means excess
amount derived from non recurring activities e.g sale of
machinery
| Is This Answer Correct ? | 9 Yes | 8 No |
Answer / amit ilaitkar
Earning means getting money by doing day to day activities
e.g. I am getting salary on monthly basis. And profit means
doing such activity by intentionally to get surplus or
profit by deducting cost incurred (direct & indirect).
Earning is not always profit but profit is always earning.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / thirumalvathy
Earning is how many amount getting in day by day.Profit is
calculating in yearly by earding of Month
| Is This Answer Correct ? | 0 Yes | 3 No |
What is Cash Flow Statement?
what is tds,pf and vat?
what are the voucher entries for depreciation in tally and when?
whatis the meaning of Depreciation? and why it will charge?
Why is it necessary to prepare Asset Disposal Account?
What is mean by acquired income?
How entry of Dues bills [in which account] in Tally ?
what is golden rules of account?
I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
difition of reserve & surplus
1. If Ram Received Cash Rs. 900/- & Deducted Rs.100/- as EPF. 2. Cheque diposited into bank Rs. 200/- against EPF of ram. How many ledger should create under which & what will be the entry ?
what are accounting concepts?
Audit 
