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there is no difference.
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What is difference between income and profit?
Income: all valuable earnings. Profit: valuable earnings minus valued effort/cost in achieving initial income.
Is retained earnings an asset?
No, retained earnings comes after Net Income on the Income Statement. The retained earnings is less than the Net Income if a dividend is paid out.
What is the difference between retained earnings and retained profits?
none
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.
Are revenues the same as net income?
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
What is difference between income and profit?
Income: all valuable earnings. Profit: valuable earnings minus valued effort/cost in achieving initial income.
Where does the fund for payroll come from Does it come from net income/retained earnings?
The difference between revenue and retained earnings is that revenue is the ... they are derived from net income on the income statement and contribute to ..
Net income the same as net earnings?
Earning is more in sense of sales revenue while net income is different in this sence that it is the difference between revenues or earnings from expenses.
What is difference incomes and profit?
Income: all valuable earnings. Profit: valuable earnings minus valued effort/cost in achieving initial income.
Does net income on balance sheet come from income statement?
Yes income in balance sheet is the same amount which is calculated in income statement if there is any difference then it may be due to distribution of net income between retained earnings and dividend.
What are current year earnings on a balance sheet?
Current year earnings are the net income or loss of the business for the current year. This amount is the difference between all revenues and all expenses on the income statement. Current year earnings are presented on the balance sheet only until they are transferred to retained earnings.
What is the definition of income gap?
The income gap is the gap between the rich and the poor. We call that gap the middle class.
What is the difference between consumption and income?
the difference between income and consumption
What are basic earnings per share?
What is the difference between basic and diluted earnings per share?
What is the difference between profit and equity?
Profit is earnings, a smaller amount the price of create the earnings. And Equity is property defect liabilities. This is the worth of what the owner in fact owns. Income increase equity. Extra investment also increases equity.
Is retained earnings an asset?
No, retained earnings comes after Net Income on the Income Statement. The retained earnings is less than the Net Income if a dividend is paid out.
