what is the diff...
hashim hilali (24 Points)
11 August 2019
What is the difference between profits and gains?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193786 Points)
Replied 11 August 2019
In nutshell .....
Receiving an excess amount of money where a financial instrument is sold for more than its purchase price. This is referred to as a GAINS. (Capital earnings)
Whereas profit is the total REVENUE earnings for a period i.e. summarized as the summation of total income less total expenses.
More details :: difference-revenue-income-profit-gain-return
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