what is the difference between profit and gain?

Categories >> Business Management >> Banking Finance
Suggest New Category

Question Posted / raja

25 Answers
108811 Views
Capital IQ, Grail Research, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is the difference between profit and gain?..

Answer / guest

gain:- total amt received by any transaction
or
total amt received - total cost

profit :- gain - taxable amt.
or

total amt received- (total cost + tax paid )

Is This Answer Correct ?

25 Yes

37 No

what is the difference between profit and gain?..

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

what is the difference between profit and gain?..

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

what is the difference between profit and gain?..

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

what is the difference between profit and gain?..

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

Post New Answer

More Banking Finance Interview Questions

What do you mean by National Rural Employment Guarantee Act (NREGA)?

0 Answers Nabard, State Bank Of India SBI,

What are the major products of the banking industry?

0 Answers

How do you calculate treasury stock?

0 Answers

Any idea about 'Freedom of Religion'?

0 Answers IBPS,

Why do companies take Foreign Currency Loan??

6 Answers Bank of Baroda, Crisil,

What is Corporate finance, Corporate governance, Role of SEBI, Ratio analysis in terms of equity and capital structuring? Please post answers as soon as possible. thankyou.

0 Answers

why is forex market and gold market are in inverse action?

2 Answers

Dear all, Let me introduce myself first. Myself is Meera. I have done B.Com and after that i have completed PGDBM(Finance) in 2007 after that i was with ICICI Bank Ltd. I left that job and as of now i didn't get job due to the mobility problem as i want job in gandhidham. Moreover i want to do some courses of Stastics. So if anyone have knowledge regarding short-term stastics courses plz let me inform abt that and if there a job for PGDBM (Finance) then also plz guide me .

10 Answers

Tell about Plastic Currency?

0 Answers IBPS,

what is Option trading?

0 Answers

what is the difference between cash memo or credit memo vs invoice any legal action can be taken against cash or credit memo.

0 Answers

Tell me about your Family background

0 Answers Essar, HPCL, Hughes Systique Corporation,

For more Banking Finance Interview Questions Click Here