what is revenue?what is profit?
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In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.
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Profit, in accounting, is an income distributed to the owner in a profitable market production process. Profit is a measure of profitability which is the owner’s major interest in income formation process of market production. There are several profit measures in common use.
2)
Profit, in accounting, is an income distributed to the owner in a profitable market production process. Profit is a measure of profitability which is the owner’s major interest in income formation process of market production. There are several profit measures in common use.
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