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what is the difference between profit and gain?
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Answer Posted / samity
profit is a surplus/excess revenue over its cost.
it is expected &is a usual income on operating activities.
U launched a range of cellphones he earned "profits"on its sell.
Gain is simply excess of expected profit bcoz of occurence
of incidential event or transaction.it's irregular & is
unexpected income.
U found a valet full of money on the roadside is gain!!
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