What is difference between profit, revenue?
Answers were Sorted based on User's Feedback
Answer / daniel
Technically revenue are flows of income that arise from the
ordinary activities of the company.
Profit = income - expense
--> when income = gains + revenue
Therefore revenue is a subset of income which is an element
of profit.
Is This Answer Correct ? | 29 Yes | 12 No |
Answer / nageswara rao
Revenue means income from regular business transactions,
where as profit = revenue - expenses.
Is This Answer Correct ? | 17 Yes | 3 No |
Answer / ganesh
Revenue means if we run a business we get some income
regularly that is called revenue,
Profit means= Revenu- expenses
Is This Answer Correct ? | 14 Yes | 3 No |
Answer / hader abdelkader
profit : the amount of money abusiness earns above and
beyond what is spends for expenses
revenue the amount of money abusiness takes in agiven period
by selling goods and rendering service
Is This Answer Correct ? | 6 Yes | 3 No |
Answer / sweksha
profit = Money earned after subtraction of expenses.
revenue = The total amount of money received by the company
for goods sold or services provided during a certain time
period. It also includes all net sales, exchange of assets;
interest and any other increase in owner’s equity and is
calculated before any expenses are subtracted. Net income
can be calculated by subtracting expenses from revenue.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / e7jose
profit=total income of a business subtracting all expenses..
revenue=total income of the company without subtracting all
or any expense of the business.it is actual money earned by
the company from goods sold and services being rendered...
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / naveengokarapu@gmail.com
Revenue - It is the receipt from sale of product or from
providing service.
Profit - It is the excess of receipts over expendeture.
profit = revenue - overheads
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / suresh
profit is an excess amount of revenues over the related expenses.
profit=Total revenues-expenses
where as revenue is the amount that adds to the capital
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ibrahim
revenue mean all cash inflow which a company made through its operations.
while profit = revenue-total cost
Is This Answer Correct ? | 0 Yes | 0 No |
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