Gains and Losses: Meaning, Features and Its Recognition
In this article we will discuss about Gains and Losses:- 1. Meaning of Gains and Losses 2. Features of Gains and Losses 3. Recognition. Meaning of Gains and Losses: Gains are defined as increase in net assets other than from revenues or from changes in capital. Gains are increases in equity (net assets) from peripheral or incidental transactions of an [...]