What are the income and expenses in financial knowledge? What are the characteristics of income and expenses?

What is income? What are the characteristics of income?

Answer: Income refers to the total inflow of economic benefits formed by enterprises in their daily activities, which will lead to the increase of owners' equity, and has nothing to do with the capital invested by owners. According to the nature of daily activities of enterprises, income can be divided into sales of goods, provision of labor services, transfer of asset use rights, construction contract income and so on. According to the importance of daily activities, income can be divided into main business income and other business income.

How much is the charge? What are the characteristics of the fee?

Expenses refer to the total outflow of economic benefits formed by enterprises in their daily activities, which will lead to the reduction of owners' rights and interests, and have nothing to do with the distribution of profits to owners. Its characteristics are: (1) expenses are formed in the daily activities of enterprises; (2) The fee will reduce the owner's equity; (3) Expenses are the total outflow of economic benefits unrelated to the distribution of profits to owners.