Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is difference between income and gain?

Answer Posted / abdul kadir

The term 'gain' is used when benefit is acquired from purchase-sale activity whereas the term 'income'is used when benefit is acquired through any means

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why are accounting standards necessary?

1056


X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?

2006


What is project implementation?

1051


Is buy or sale trade will impact on Nov? Yes/No Please explain.

1892


Difference between depreciation according to cost principle and matching principle

2045


Why company issue shares at discount as its a loss ?

3055


Define trade bills?

1197


How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet

1887


SHADOW BALANCE SHEET

13618


A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4831


Tell me in accounting, vat abbreviates what?

1173


How many accounting standards are currently published?

1110


Explain me what do you think is bank reconciliation statement?

1078


Mention whether the account "cash" will be credited or debited when a company pays a bill?

1151


What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?

1231