answersLogoWhite

0

1. Black money is total money minus white money.

White money is total money minus black money.

2. Black money can not be displayed.

White money can displayed.

3. Black money is easy to handle as no records are required to be kept.

White money is a pain in the neck since proper records are to be kept &

nothing is left after paying income tax, service tax , sales tax , cess , value

added tax, excise duty, customs duty, surcharges, Road Tax, traffic challans,

electricity bills, water bills.

By: Rahul Kr. Gupta

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the difference between income and expenditure incurred?

Inflow of money is income . Outflow of money is expenditure


What is the difference between capital income and capital expenditure?

Income is money coming in, expenditure is money going out (spending).


What is the difference between salary and income?

..The spelling Not really the difference is that the salary is what u get paid and income could be anything that brings money to your home


The difference between wealth and income?

The wealth ,is the money you accumulate during years . The income is the money you earn during a year . The first one is a stock the second a flow


Why is there a difference in waste production between low income countries and High income countries?

there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.


Difference between debit and credit in accounting?

A debit is money paid out or a loss, a credit in income or a gain.


What is black income?

Black income is the salary kind of thing in which a person does bad things actually called black money is known as black income


Whats the difference between monthly income statements and for the month ended income statement?

its when you get your monthly income and then when the month comes that you use up all your money you don't have anymore to get a monthly income.


Difference between net income and revenue?

Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.


According to sociologists, what is the difference between income and wealth?

One is money you earned each week from work; the other is money already saved :)


What is the difference between capital and revenue income giving examples?

capital income is the money raised to set up a new business or expand an existing one and revenue income is the money generated by a business as a result of its day to day operations


What is the difference between gross income and net income?

Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.