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Difference between profit and gain

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Difference between profit and gain

Posted by Pratibha J 7 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Khushi Mishra 7 years, 8 months ago

The excess of revenues of a period over its related expenses durning an accounting year is profit it increase the investment of the owner is called profit and a profit that arise from event or transaction which are incidental to business such as sale of fixed assets ,minning a court case ,appreciation in the value of an asset is called gain

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CBSE > Class 11 > Accountancy

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