According to income method, domestic income is equal to:
According to income method, domestic income is equal to:
(a) Rent and royalty + Interest + Profit + Compensation of employees + Mixed Income
(b) Operating Surplus + Compensation of employees + Income of self-employed
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Anurag Pathak Changed status to publish December 13, 2023
Ans – (c)
Explanation:-
Domestic Income = Compensation of employees + Mixed Income + Rent and royalty + Interest + Profit
Domestic Income = Compensation of employees + Income of self-employed + Operating Surplus
Here operating surplus is equal to
Operating surplus = Rent + Royalty + Interest + Profit
Anurag Pathak Changed status to publish December 13, 2023
