INCOME

INCOME | CREDITOR | DEBTOR

These income are those income which have to receive for selling goods and services.

Type of income:

Direct Income

These income are those income which have to receive to supplier for direct selling to cash.

For example

Sales for cash
Assets for cash
Service for cash, etc.

Indirect Income

These income are those income which have to receive indirectly.

For example

Discount receive
Interest receive
Commission
Bonus
Gift, etc.

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Creditor:

A person who takes the cash and gives the goods.

Debtor:

A person who gives the cash and receive the goods.

Comments

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