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Profit is income or exp.

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(Querist)
19 November 2010 Whether Profit is income if income give reason or if expenses give reason

thanks
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
19 November 2010 Difference between revenue and expense of the business is profit. Revenue is the income and it have direct relationship with profit. I hope you had understood
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Ravin Soni

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Ravin Soni (Querist)
24 November 2010 Thanks a lot

but out of Profit we can distribute profit in to our share holders so it may our exp. or ??
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
10 August 2024 https://docs.google.com/document/d/1cl1Dt7z290hGWcdGDyFBRjmb5x5GBXtUjNB42w3oPc8/edit?usp=sharing
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