what is the difference between profit and gain?
Answers were Sorted based on User's Feedback
Answer / shaik bajivali
PROFIT IS ARAISED AFTER ALL DEDUCTIONS AND EXPENSES.
GAIN IS ARAISE DON THE CAPITAL INVESTED.
Is This Answer Correct ? | 12 Yes | 25 No |
Answer / vikramaditya
gain means gaining a business lead or reputation which is
nothing but goodwill. Gain can be any gain which can be
treated as benefit which is mostly short term. Profit is
the gain in monetary terms after removing all costs,
interests, reserves and taxes.
Is This Answer Correct ? | 3 Yes | 17 No |
Answer / arcot purna prasad
Profit and gain are one and the same. In layman's language
it is gain. But if you are using accounting language it is
Profit.
Is This Answer Correct ? | 4 Yes | 20 No |
Answer / balakrishna
PROFIT IS TREATED AS ALL REVENUE-ALL
EXPENSES.
GAIN IS TREATED AS COMPANY TOTAL PROFIT
Is This Answer Correct ? | 9 Yes | 33 No |
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