Outrageously Funny Word Dictionary :: Gainings

👉 In accounting, a "gain" is an increase in the value of an asset or liability over its original cost. It represents the difference between the selling price and the purchase price for that asset or liability. The term "gain" is used to indicate changes in the financial position of an entity due to increases or decreases in the carrying value of assets, liabilities, or equity. For example, if a company sells a machine at $20,000 and then purchases it for $3

gainings