In 1946, the famous British economist J.R. hicks, in value and capital, developed the concept of income into a general concept of economic gain. He argues that the real purpose of computing revenues is to make people aware of the amount of money they can spend without making them poorer. Accordingly, he gave a generally accepted definition of "the maximum amount of consumption that a person can spend at the end of the term, at the same level of prosperity". Hicks's definition, though primarily for personal gain, applies to businesses as well. In the case of the enterprise, according to this definition, the enterprise income can be understood as the maximum amount that can be allocated in the enterprise cost accounting period under the same amount of capital at the end of the term and the beginning of the period. To read more How to create a more inclusive and fairer society for different creators? A study from PBS shows that diversity helps develop better products and systems. The selection and evaluation of transactions. Engaging in foreign exchange investment, one must choose a profitable trading method. Here are some factors to consider in trading options. This article discusses the easiest way the best client billing software on your business. First, you must learn your preferences. What are you searching for currently billing software? Second, do you require a desktop application or a web-based program? Third, is the time tracking system software user-friendly? Fourth, how affordable is the time and expense software?