what is the difference between profit and gain?

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Question Posted / raja

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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

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