Income is measured on the basis of whih concept?

1.	Income is measured on the basis of whih concept?
Answer» Income is measured on the concept of regulating expences.Income is simply occurs because of proper utilisation of assets.<br>Economic income may be defined as the operating earnings plus the change in asset values during a time period. Economic income is measured in real terms and results from changes in the value of assets rather than from the matching of revenue and expenses.

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