What is the difference between income and income statement???
- 3 Answers
- 4353 Views
- I also Faced
- E-Mail Answers
Answer Posted / suman
income is a gain occuring over a period of time by an entity
and which is expressed in terms of money.
income statement is also known as profit and losss statement
which shows all income and expenditures occured during the
financial year.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
correction of sundry creotors
what is use of cost center category in tally ? why & when use this ? what is benfit ?
What is use of statistics in accounting?
What are accounting entities?
As you know account executives need to be talented salespeople. Do you have experience making sales?
Tell me why did you select accounting as your profession?
is we can prepare any account for partnership in tally
how much cash transaction to single transport company per day and also per year
What are the different branches of accounting?
What is customer account?
WHERE WE CAN USE VAT 5%,14.5%
How Can We Justify the,Real A/C & Nominal A/C?
How P/E ratio usefull to the different people?
What is the double entry system explain its rules with examples?
how in the big companies the budget are prepared and controlled?
