what is the difference between profit and revenue?
Answers were Sorted based on User's Feedback
Answer / b.vijaya bhaskar reddy
Revenue is NOT the same as sales.
Revenue is the total of ALL income to the company, from whatever source.
Profit is what's left over after ALL expenses, not just the expenses of prosucing the products.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / lakshmi prasanna.bonthu
revenue means total income of that financial year.
but profit is different from revenue,
profit means the amount of revenue (or) income which exceeds
the expenditure of that financial year.
in simple words, its the difference b/w expenditure & income
in one financial year.
| Is This Answer Correct ? | 7 Yes | 0 No |
Revenue-total earning (like Sale,bank interest,or any other
sources
Profie- Total Revenue-Expenses
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / 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 |
Answer / mahendararaj
Revenue meant whatever we will get cash from the customer due
to sold, But profit meant after deduct reasonable expenses (
Direct or Indirect Expenses) Ex. We sold vehicle for Rs 20000,
and we paid Rs 2000 Salary for the salemen. The revenue is
20000, Profit is 18000.
| Is This Answer Correct ? | 1 Yes | 1 No |
Purchased good from Sreenivasan company for personal use Rs.50000 What is journal entry
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
Tell us what inspired you to move to the next opportunity?
what is the difference between 'quotation' and 'proforma invoice'?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
What are the differences between accounting and auditing?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
what is the principal of accounting
How to show Airticket Expense on Company's A/c as Company expense
Purchase returns?
stock lost by fire of rs-230 and insurance company denied to give insurance claim,journal entry
hai, friends am new to sap and i need a sap fico resume any one have plz forward to my mail plz with min 3+ years exp any sap FICO resume mail ID- srinu.gurram@gmail.com