what is the difference between profit and revenue?

Answer Posted / babhu kanchupalli

The amount arise from the regular business activities i.e sales is called revenue......
Revenue=sales*price

Profit is Revenue over expenditure.....
Profit=Revenue-Expenditure

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

3687


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1393


Why some asset accounts have a credit balance?

643


If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

1145


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1508






I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1837


Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1511


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1193


As you know executive accounting?

602


hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1556


List out some of the examples for liability accounts?

596


Explain the term account payable?

605


audit under section and penalty under saction scurtiny under saction

1661


Do you know what qualities and skills make an account manager successful?

666


WHAT IS OPERATING CYCLE?

2350