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متابعة

Which one is accurate to say, Gain on Income or Gain on Profit?

I need one specific answer no diplomatic answers, please.

This is like short question answer, and I need to choose only one. So please let me know the correct answer, which one is correct or right to say? Gain on Income or Gain on Profit.

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تم إضافة السؤال من قبل Humayun Ahmed Ripon
تاريخ النشر: 2016/08/15
Sumnesh Khandelwal
من قبل Sumnesh Khandelwal , Joint executive President , UltraTech Cement Limited

Gain on Income is the correct answer.

Muhammad Waleed
من قبل Muhammad Waleed , Assistant Manager Finance , Turnotech (Private) Limited

Both seem to be inaccurate because gain means increase in the value of something that is recorded at a lower value in our books and we get higher price for it. Income and profit are used interchangeably by accountants. But the terms gain on income or gain on profits are not used.

Raqeeb Ullah
من قبل Raqeeb Ullah , production manager , ANS foods products lahore

Gain on income is the right term to say.

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