Accountancy, asked by salamrockybhai6, 9 months ago

what is gain?????????????????????????

Answers

Answered by jaiprakashj

1

Answer:

A gain is an increase in the value of an asset or property. A gain arises if the selling price of the asset is higher than the original purchase price. ... That said, a gain only truly matters when the asset is sold and the gains are realized as profit.

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