No
|
Profit
|
Income
|
1
|
Amount Received over and above the Cost is called as profit
|
Income is a revenue arising as result of business transactions
|
2
|
Example: Goods Cost $5000 sold for
$7500 here $2500 is profit.
|
A portion of the office is Subletted for $ 1000 per month. $12000 will be an income for the year on account of rent received.
|
3
|
Profit = Selling Price – Cost Price
|
No such equation is required for income.
|
Download SRDLawNotes App Install App
- Home
- About
- Contact
- Download SRDLawNotes App
- Legal Apps
5 comments
-
-
Jhon 26 April 2021 at 23:54Net Banking is a major preferred option for everyone who is much towards accessing things online, the UCO Bank Net Banking facilities are provided to its customers only, who can enjoy the online service without waking to the Branch. uco bank net banking The online banking does allow them to get the updated list of transactions which can be for months older, Getting direct access to their bank allows customers to get their money Banking items done in an easy way.
-
10th textbooks 24 July 2021 at 19:552022 Assam High School Question Paper Class 12th Intermediate level for expressions stream (IA), Intermediate level for Science stream, Intermediate level for Commerce stream question papers have been released by the Assam examination board. Assam 12th Question Paper 2022 2022 AHSEC HS 12th Question Papers 2022 The Assam Higher Secondary Educational Council (AHSEC) was established for the purpose of arranging and leading an examination at the conclusion of the optional school year.
-
-
Post a Comment