Distinguish between profit & gain. – InterviewSolution

1.

Distinguish between profit & gain.

Answer»

Profit	Gain
(i) Profit is the Excess of revenue over the expenses of a given period,usually a year	(i) Gain refers to a revenue which not generated through routine or regular business activities.
(ii) Profits increases the investment office owners	(ii) Gain increases the profit of an enterprises.

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