Question

7. The difference between income and expenditure of a corporation
is Rs. 15 lakhs. Find out the income of that corporation tits
expenditure is Rs. 2 crores, 35 lakhs ?​

Answer 1

Answer:

The difference between income and expenses is simple: income is the money your business takes in and expenses are what it spends money on. Your net income is generally your revenue, or all the money coming into your business, minus all of your expenses. If that number is positive, your business is making a profit.