You are currently viewing MEASUREMENT OF BUSINESS INCOME- ALL YOU NEED TO KNOW

MEASUREMENT OF BUSINESS INCOME- ALL YOU NEED TO KNOW

MEASUREMENT OF BUSINESS INCOME- ALL YOU NEED TO KNOW

Business is an economic activity , which is related with continuous and regular production and distribution of goods andservices with a view to earn profit. In accounting, the term income refers to business income. Business income can bedefined as excess of revenue over expenses. Revenue means inflow of assets frombusiness operations which result in an increase in the owner’s equity…………READ MORE

 

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