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What is deference between Revenue and Income
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Answer Posted / theertharao
it is the amount what you earn by selling your product or
services.
Net Income:
It is the amount what remains in the end from revenue you
earn after deducting all costs which you have incurred for
making that product or providing services.
Example:
for example if you go and give tution to somebody and that
person gives you 100$ then this is your revenue. but you go
to teach and pay texi fare of $10 for reaching the tution
centre then this taxi fare is your cost and you will deduct
this cost from your revenue to reach to net income of $ 90.
Net Profit = Revenue - Cost
$90 = $100 - $10
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