Difference b/w revenue and Income
Answers
Answer:
Income vs. Revenue. For a business, income refers to net profit i.e. what remains after expenses and taxes are subtracted from revenue. Revenue is the total amount of money the business receives from its customers for its products and services.
Answer:
For a business, income refers to net profit i.e. what remains after expenses and taxes are subtracted from revenue. Revenue is the total amount of money the business receives from its customers for its products and services. For individuals, however, "income" generally refers to the total wages, salaries, tips, rents, interest or dividend received for a specific time period.
Income = Revenue − Expenses
When income is represented as a percentage of revenue, it's called profit margin.
Explanation:
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue is often referred to as the top line because it sits at the top of the income statement. The top line refers to a company's revenues or gross sales. The revenue number is the income a company generates before any expenses are taken out. Therefore, when a company has "top-line growth," the company is experiencing an increase in gross sales or revenue