Profit explained:

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"Other Income" DOES NOT include "Sales of Assets", as that would be a "Capital (Account) Income" rather than a "Current (Account) Income". "Other Income" includes rents, dividends on stocks, etc.

A good video to follow up is how profit is taxed - Not all profits are taxed the same with the right deductions and credits!

This explanation is for someone who has an idea about accounting entries and basic bookkeeping. Simply put, a layman will not comprehend this.

Enlightening! 👍🏽

What is the difference between other revenues and other income ?

add SBC and bottom line to equity holders.

Hello Brian , your explanations are so easy to understand. Thank you for decoding the financial and accounting terminologies.

As a standard’s forma , we should count “income before income tax” and then minus tax and count income from continuing opretions etc …