Accountancy, asked by manpreet1721, 29 days ago

what is the difference between profit and gain​

Answers

Answered by misstanyasharma
3

Answer:

Profit is the summation of total income less total expenses.

Gain is the proceeds received from the sale of fixed or financial assets.

Explanation:

hope it's helpful to you ☺️

Answered by aashigngwr
2

Answer:

Profit is the summation of total income less total expenses. Gain is the proceeds received from the sale of fixed or financial assets.

I hope it will help you...

have a good day ahead...

Similar questions