Is there any difference between Income and Profit
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Answer / satyaki_raju@yahoo.com
Income is the term used to indicate the amount received or
receivable which would be the source of earning profit.
Profit is the surplus of income over expenditure.
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Answer / kiran kumar
Income is the amount received or receivable from the
selling of goods or providing services to the business's
Customers.
And Profit is the excess of income over Expenses.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / chiranjeevi
income is nothing but received or receivable amount from the customer.where as profit means excess of income over the expenses.
Is This Answer Correct ? | 0 Yes | 0 No |
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