What is the difference between Income and Revenue?

Answers were Sorted based on User's Feedback



What is the difference between Income and Revenue?..

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

What is the difference between Income and Revenue?..

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

What is the difference between Income and Revenue?..

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

What is the difference between Income and Revenue?..

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

What is the difference between Income and Revenue?..

Answer / k,subbareddy

income means coming in
revenue is coimg out

Is This Answer Correct ?    4 Yes 41 No

Post New Answer

More Banking Finance Interview Questions

How will your qualification be helpful in banking?

0 Answers   State Bank Of India SBI,


If private comapny will takeover the public company it will come under which type of takeover?

5 Answers   Brigade,


What documents are required for kyc?

0 Answers  


What do we call when a bank dishonors a cheque?

0 Answers  


What is the basic difference between recruitment and selection process?

0 Answers   IBPS,






Can anybody tell me what questions could be asked in interview at SIDBI? And what areas I need to study while preparing for the same?

0 Answers  


As an investment banker what you think an analyst does on a typical day?

0 Answers  


What is fixed assets/ capital employed ratio? What does it indicate?

0 Answers  


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hands to meet its obligation at all times?

4 Answers   Capital IQ, Delcot, IBSL, NIBM, TATA,


am about to enroll for Oracle Apps Financial with Iapps in pune, (without the certification of Oracle, as it is very expensive). Looking for a suggestion on the same, Also, how far is this course wld be beneficial to a candidate of commerce background (BBA graduate and an MBA in Finance) Also, the opportunities lying ahead int his field. Thanks

1 Answers  


What is the term given to people who trade in derivatives?

0 Answers   SEBI,


what is the default configuration Tally ERP 9 provides for Balance Sheet?

0 Answers  


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)