An income is that amount which is earned as a result of sale of goods or rendering of services to a party.

The various types of earnings are:

  • Interests on Investments
  • Received Commissions
  • Rents Received
  • Rents from tenants
  • Rents from procedure of sub-letting
  • Miscellaneous Revenue Receipt
  • Interests on Drawings
  • General Interests
  • Recovery of Bad Debts
  • Dividends
  • Apprentice Premium
  • Sales Amount
  • Salary
  • Income from other sources

Income

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