Gross Income
Total earnings before deducting taxes, operating costs, or other expenses. For businesses, it usually equals revenue minus the cost of goods sold. For individuals, it includes wages, bonuses, and other income sources before tax. It’s a base measure used to calculate net income.
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Gain on Sale of Asset
Gain on Sale of Asset refers to the profit realised when a fixed asset is sold for more than its…
Green Accounting
Green accounting, or environmental accounting, integrates environmental costs into financial reporting. It tracks expenses and benefits related to sustainable practices,…
Gratuity
Gratuity is a statutory payment made by employers to employees as a reward for long-term service. It is typically paid…
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