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Income is measured on the basis of whih concept?

Posted by Aryan Gupta 6 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Sanskar Tiwari 6 years, 6 months ago

Income is measured on the concept of regulating expences. Income is simply occurs because of proper utilisation of assets.

Sia ? 6 years, 6 months ago

Economic income may be defined as the operating earnings plus the change in asset values during a time period. Economic income is measured in real terms and results from changes in the value of assets rather than from the matching of revenue and expenses.

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