Accountancy, asked by drspandey19p1nfjr, 9 months ago

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

please help me, I am in class 11th​

Answers

Answered by astalavista4baby0
1

Answer:

Income is the amount of money received on a regular basis for work.

Profit is the money extra gained if you work very hard

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