Question
Differentiate between Operating Surplus and Mixed Income.
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S. No
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Basis |
Operating Surplus
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Mixed Income
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1.
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Meaning |
It is the sum of Income from property and income from entrepreneurship.
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Income of own account workers (like farmers, doctors, barbers, etc and unincor porated enterprises (like small shopkeepers, repair shops) is known as mixed income.
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2.
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Nature |
It includes income from property and entrepreneurship.
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It includes income from work as well as income from property and entrepreneurship.
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3.
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Inclusion |
It does not include wage and income.
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It includes wage and income along with rent, interest and profit.
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