when we do expenses we lose that money as well as the potential income that we could have earned but why do we don't consider that potential income as loss in accounting
Menu
EXPENSES IN ACCOUNTING
Replies (3)
Because we get gain by way of service (or goods) in equal amount of expense.
What if the gain we receive by incurring such expenses is less than the potential income then in such a case are we actually incurring a loss
Money as well as the potential income
chinesebuffetnearmenow.net that we could have earned but why do we don't consider that potential income as loss in accounting.
Recent Threads
- F&o profit or loss can show a government emplo
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
- U4gm-Leveling an Amazon Build with Lightning Spear
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
Related Threads
CAclubindia
