The term "gain" represents profit resulting from transactions that are not likely to regularly recur.

Name: The term "gain" represents profit resulting from transactions that are not likely to regularly recur.
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

The term "gain" is defined as a positive financial result from a transaction or event that is not part of an entity's normal business operations and is not likely to recur regularly. Therefore, it represents a one-time or unusual profit, rather than a regular and expected source of income.

The Term "Gain" Represents Profit Resulting from Transactions That Are