Question

difference between cost and revenue

Answer 1

Answer:

The difference between revenue and cost in gross margin is that revenue is what is earned, and the cost is what is spent.

• Cost includes all the costs (fixed, variable, direct, indirect) incurred in carrying out the operations of the business.

• Revenue is the value of all sales of goods and services recognized by a company in a period.

Answer 2

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Φ $\mathscr\pink{Cost}</p><p>$includes all the costs (Fixed , Variable , Direct and Indirect) incurred in carrying out the Operation of the Business.

Φ $\mathscr\pink{Revenue}</p><p>$is the Value of all Sales of Goods and Services recognized by a Company.