Question

what is gain in accountancy​

Answer 1

Explanation:

A gain is the positive difference between what you pay for an asset and what you sell it for. If the difference is negative, it is a loss. Investors may talk about gains whenever the market price of an asset exceeds the purchase price they paid, but unrealized gains may come and go many times before an asset is sold.

Answer 2

Answer:

In financial accounting, a gain is the increase in net profit resulting from something other than the day to day earnings from recurrent operations, and are not associated with investments or withdrawals........

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