Question

Difference between Income and expenses.
Dun uh dare to copy from web(-"-;)
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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.

I hope you understand this answer. I hope it helps you.

Answer 2

$\huge\bf\purple {Questiøn}$

Dɪғғᴇʀᴇɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ Iɴᴄᴏᴍᴇ ᴀɴᴅ ᴇxᴘᴇɴsᴇs.

$\huge\bf\orange {Sølution}$

Difference point 1 :-

● Income is a money your business takes in

expenses are what it spends money on

Difference point 2 :-

●expenses are entered on the debit side

Income are entered on the credit side

Difference point 3 :-

● income of revenue relating to the present periods whether actually received or not

expenditure of revenue relating whether paid or not being taken into account.