Register now or log in to join your professional community.
While profit and gain will contribute to the income of the company, profit arises from the normal course or operation of the company while gain are only incidental or peripheral in nature.
Agree with the answers
good answers
profit=total revenue-total cost,which is the net icome of the organisation
gain can be anything over your cost,normally revenue over your cost is treated
Profit: Income derived from the regular business activity, by deploying capital labour and time. Gain: Income derived on investment over a period of time not falling under regular business activity. it is the return derived on investment.
Profit is derived from business transactions while Gain is from selling an asset at higher price.
