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mesne profits

mesne profits : profits (as from crops) earned by one in wrongful possession of property [the rightful owner

accrual accounting

accrual accounting Income is reported in the year it is earned, and expenses are deducted in the year they are incurred.

unearned income

that is not gained by labor, service, or skill compare earned income

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Commission Agent or Broker

for transacting the business of others. Earning Commission.--Commission may be earned by bringing contracting parties together, although an actual contract may

Contribution plan

giving to each policy the excess of premiums and interest earned thereon over the expenses of management cost of insurance and

Income-tax

(C) dividends from stocks or shares, (D) professional or trade earnings or profits, and any profit not included in the four

Smallness of profit

But the commercial or accounting profits are the actual profits earned by an assessee calculated on commercial principles, CIT v. Gangadhar

Wages

1923), s. 2 (1) (m)] Means all emoluments which are earned by an employee while on duty or on leave in

Wrongful dismissal

Ch 248, in which case he can recover wages actually earned on a quantum meruit [see Cutter v. Powell, (1795) 6

Reserve

it is used in rule 2 can only mean profit earned by a company and not distributed as dividend to the

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