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receipts are revenue incomes only whereas income is a generalized term for all funds being earned weather from sale of assets or any other capitalized nature
Receipts only contains the cash and bank transactions. Income contains both the cash and non cash expenses.
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∙ 6y ago
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What is the difference between income and earnings?
there is no difference.
Difference between gross income and net income?
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Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between cash payment and cash receipt?
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What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
What is the difference between a bill and a receipt?
a bill is what you owe and a receipt is what you gave.
What is Profit or loss account?
Profit and loss is nothing but an statements which shows the net profit and net loss during a period.
What is the difference between consumption and income?
the difference between income and consumption
What dies receipt of income mean in German?
receipt of income = Einkommensanzeige
What is the difference between income and earnings?
there is no difference.
What is the difference between personal income and disposable income?
a
Difference between gross income and net income?
JLJLHLHLHIIH
What is the meaning of revenue receipt in context of income tax?
A revenue receipt in context with income tax is the time that revenue or income occurred. A revenue receipt can also be a type of proof of revenue, such as a W-2 Form from an employer.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between cash payment and cash receipt?
hi people when are you going online
What is the difference of acknowledgement receipt and official receipt?
Same.
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
