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What is the difference between Income and Revenue?
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Answer / dileep kumar singh
the difference between Income and Revenue is that income
include earning from core business and other selling like
wastage/sale of old assets etc but revenue only core business
income may be capital nature.
| Is This Answer Correct ? | 25 Yes | 0 No |
Answer / sirisha
income is the amount which we earned from investments.
revenue is the amount which we received or to be received from the buisness activities.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / akanksha saini
Revenue:
The top line on an income statement is revenue. This is the
total amount of sales that a company has for the period
covered by the statement. This amount may stand alone, or
may be reduced by sales returns and allowances.
It is important to know how much money is being generated
from sales, but it is only half the picture. The next step
is to know how much goes out, and how much is left.
Income: Income is sometimes used instead of the word
revenue: some people refer to the rent they receive as rent
income. Generally, accountants use the word income to mean
“net of revenues and expenses.” For example, a retailer’s
income from operations is sales minus the cost of goods sold
minus operating expenses
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / srinivas sudagoni
Income is the amount which is received by a business other than it's core activities(i.e except ordinary business activities like Purchase and Sale of goods and services) for Ex: profit on sale of Fixed assets,interest received on investments etc.
Revenue is the money which is the receipt of the business in it's ordinary course of business i.e purchase and sale of goods and services.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / k,subbareddy
income means coming in
revenue is coimg out
| Is This Answer Correct ? | 4 Yes | 41 No |
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