what is gain and loss in business?

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what is gain and loss in business?

2007-03-03 04:57:19 · 3 answers · asked by squinzia 1 in Business & Finance ➔ Other - Business & Finance

3 answers

this has to do with ... when the sale prices of assets exceeed or falls below its fair market value.

http://www.icbs.com/KB/finance/kb_disposing-of-assets.htm

2007-03-03 04:59:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Gain is the excess income that is received over the original cost of an item, and a loss would be just the opposite. Gain is referring to assets that are sold-did you mean income and loss?

2007-03-03 13:00:36 · answer #2 · answered by SuzeY 5 · 0⤊ 0⤋

money mainly

2007-03-03 12:59:51 · answer #3 · answered by Misc 5 · 0⤊ 0⤋