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what is the difference between profit and gain?
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Answer Posted / manish loya
profit: Income derived from the regular business activity,
by deploying caplital labour and time.
In other words it is the return on the capital employed
after deducting all working capital and fixed expenses.
usually appears on the liabilities side of the balance
sheet.
Gain: Income derived on investment over a period of time
time not falling under regular business activity.
it is the return derived on investment.
| Is This Answer Correct ? | 227 Yes | 27 No |
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