hlo guys what do u mean by the term GST, liability, livestock, accounting and profit.
Answers
Explanation:
GST
Means goods service tax
ANSWER:
GST: Goods and Services Tax is an indirect tax used in India on the supply of goods and services
liability: A liability is something a person or company owes, usually a sum of money.
livestock: Livestock is commonly defined as domesticated animals raised in an agricultural setting to produce labor and commodities such as meat, eggs, milk, fur, leather, and wool
accounting: Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
profit: there are two definations of profit:-
1)Profit, in accounting, is an income distributed to the owner in a profitable market production process. Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production.
2)a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
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