what is the difference between direct income and indirect
income. pleases explain with example.
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Answer Posted / gajendra yadav
direct income basing of company nature of business and such
incomes may be releted next year eg. for
construction company - sale of flats, sale of plots,
contract income received, 2. for trading companies - sale
of the materials
if the company received any other income i.e not relating
to the nature of its business i.e indirect income.
i.e dividend on chits (not for chit fund companies),
interest received on f.d's, sale of scrap, any misc. income
and unearned commission and unscured profit & reserve for
baddebts.
| Is This Answer Correct ? | 44 Yes | 25 No |
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