WHAT IS THE DIFF BETWEEN REVENUE AND INCOME??

Answer Posted / abdul hannan

revenue is generated by providing services or through sales
which is the main functions of the business,
where as the income is collective of all the gains which a
firm get either through gain in capital mrket or frm
various sources.
thax

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2007


Why do you want to be an accountant?

638


my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.

1581


What is recording damage inventory in books of account?

617


Tell us what is icai?

644






how to calculate vat,pf,esi,service tax in corporate firm

1532


Explain dual aspect term in accounting?

598


all ques. related to accounts?

1683


sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

1436


Tell me which accounting application you prefer most and why?

581


What is the use of form D in sale tax

1610


how sales invoices adjusted against advance received from Debtor?

1483


What are the fictitious assets?

658


What is a ledger?

639


Anti Takeover policies

1674