Financial Accounting | Measurement of Business Income and Revenue Recognition
0 Views 11 Measurement of business income (or profit) is very important due to the following reasons: (a) An important objective of most business enterprises is to earn profit. (b) Income-tax is levied on the basis of income earned by the individuals and others from various sources including profits and gains from business and profession. … Read more Financial Accounting | Measurement of Business Income and Revenue Recognition