Income less than expenses negative numbers below zero. Income more than expenses. Positive numbers above zero a net profit from the business operation.
that in production you sell and in consumption you buy:)
Capital gains are profits made from the sale of an investment or asset, while dividends are payments made by a company to its shareholders from its earnings. In simple terms, capital gains come from selling something for more than you paid for it, while dividends are a share of a company's profits distributed to its shareholders.
Hi Sir Retained earnings are not shows any effect on your income, because it is same, neither decreased gains or nor increase losses.
Yes, you will pay capital gains tax on any earnings from a traditional IRA when you withdraw the funds.
Gross earnings typically refer to total income before any deductions, encompassing wages, salaries, and other forms of compensation. Dividends and capital gains are considered investment income rather than earned income, so they are generally not included in gross earnings. However, for tax purposes, both dividends and capital gains are often reported as part of an individual's total income. It's important to clarify the context in which "gross earnings" is being used, as definitions can vary.
the accounts must be blance off if ur doing the trial balnce
The main difference between long-term and short-term capital gains is the length of time an asset is held before it is sold. Short-term capital gains are profits made on assets held for one year or less, while long-term capital gains are profits made on assets held for more than one year. The tax rates for these gains also differ, with long-term gains typically taxed at a lower rate than short-term gains.
The main difference between long-term capital gains and short-term capital gains is the length of time an asset is held before it is sold. Long-term capital gains are from assets held for more than one year, while short-term capital gains are from assets held for one year or less. The tax rates for long-term capital gains are typically lower than those for short-term capital gains.
Capital gains can be determined by subtracting the original purchase price of an asset from the selling price of that asset. The difference between the two amounts is the capital gain.
Exclude certain gains and losses that are included in comprehensive income
"Earnings" generally refer to wages paid for personal labor whether by the hour or otherwise. "Unearned income" on the other hand, refers to gains from stock or interest but not labor for wages.
Not against earnings (from your income tax), but you can offset losses against future capital gains and thereby reduce your capital gains tax (UK tax law).