Question

in accounting, what is the difference between the income and profit and please write it's formula also.
I am confused because from searching I get to know both have the same formula i.e.,
revenue - expenses

please help me.....
don't copy from google please...​

Answer 1

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FORMULA #

Income is the top-line revenue. This number is calculated by tallying every penny that came into the company during a given period. 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

Explanation:

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