Income is a technical term from the account system and the tax law, which generally designates the entrance of money. Against the colloquial use must be defined here however more exactly.

Economically

An income in the economical sense increases the financial resources of an enterprise. Incomes sit down together from the deposits, the entrances of short term demands (including securities) and the outlets of short term commitments (including resetting). The opposite of an income is an expenditure.

• An income must be not at the same time a deposit. If a calculation is invoiced, the financial resources do not increase by the developing demand, the currency existence increase.
• An income does not have to lead also to a yield. For instance if a partner carries a bank deposit out, this is to be rated as external capital increase.

See also:

• Deposit, yield, achievement
• Disbursement, expenditure, expenditure, costs

For taxation

After the income tax act incomes are all goods, which exist in money or money value and to which taxpayers flow in the context of one of the seven Einkunftsarten. Incomes are referred within the calendar year, in which they flowed to the taxpayer (supply principle). Regularly recurring incomes, which flowed, are considered to the taxpayer short time before beginning or short time after completion of the calendar year, to which they belong economically, as in this calendar year referred.

See also: Income surplus calculation

Articles in category "Income"

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