Question

difference between profit and income ​

Answer 1

Answer:

Income is the top-line revenue. ... Income is commonly referred to as “Gross Revenue.” On the other hand, profit is the amount that is left over after the expenses have been paid. To calculate this number, figure out your gross revenue and subtract the cost of goods that were sold as well as the expenses.

Answer 2

Answer:

Income is the money one should get and no extra money is added there whereas Profit is the additional money apart from the limited ones.

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