What is deference between Revenue and Income
- 10 Answers
- 13884 Views
- Capital IQ, IBM, TVS, ZDG, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sravani
revenue is the total turn over or transactions of the firm and income is nothing but profit on revenue or transactions
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / theertharao
it is the amount what you earn by selling your product or
services.
Net Income:
It is the amount what remains in the end from revenue you
earn after deducting all costs which you have incurred for
making that product or providing services.
Example:
for example if you go and give tution to somebody and that
person gives you 100$ then this is your revenue. but you go
to teach and pay texi fare of $10 for reaching the tution
centre then this taxi fare is your cost and you will deduct
this cost from your revenue to reach to net income of $ 90.
Net Profit = Revenue - Cost
$90 = $100 - $10
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / sravan kumar
revenue is turnover of the company
income is the ammount which is earned by doing the business
and it is profit
income is revene but
revenue is not income
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ravinder.sunkara
revenue:- the amount of money that a company actually receives
during a specific period including discounts and deductions for returned merchandise. it is the top line figure from costs are subtracted to determine net income
income:- it is the amount what remains in the end from revenue
you earn after deducting all costs which have incurred for making that product or providing services
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / janardhan.
Revenu is earned by the sales activities to providing goods
and services during the period of time. The expenditure
which is incurred for producing goods it will recover
through revenue.
income is earned by the investment. to gain on investement
is called income.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / navdeep singh
Revenue is the total earning of a company in a financial
year and revenue is the net profit of the company.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepthi
revenue is the return on daily business transactions of the
business.
income s the return on long term investments or capital
assets of the busness.
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / nimmasudhakar reddy
revenue means tornover of the company we can't minus costs
from revenue income is gain on revenue
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / ashok
revenue includes cost and profitmargin
income is return on investment
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / murali royal
Revenue is that which comes from regular or daily business.
Income is that that which comes with efforts.
Income includes revenue.
| Is This Answer Correct ? | 3 Yes | 18 No |
Where we show Service Tax Due ( Credit Balance ) in Balance Sheet?
Hi, I attended an interview recently for the post of Accountant, where I underwent a account test. Now I got selected for the second round interview. I am sure that in the interview, they will review my test result. If I had made some mistakes in the test, how should I answer them?
fill in the Blanks Fringe Benifit Tax will be levied on the ___________
what is book profit
Let me know rgarding the registration of partnership firm
what are the three basic acounting principles.what is account reconcilliation.what is portfolio management
Expand ________ACAT
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
someone wants to transfer money from their accont to mine that was lift to them by their father who is now dead
What is audit,auditing?
What is the journal entry purchase return in the books of Purchase
what is cost of goods sold ?
Audit 
