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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is deference between Revenue and Income
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is deference between Revenue and Income
Answer
# 1
Revenue is that which comes from regular or daily business.

Income is that that which comes with efforts.

Income includes revenue.
 
Is This Answer Correct ?    3 Yes 15 No
Murali Royal
 
  Re: What is deference between Revenue and Income
Answer
# 2
revenue includes cost and profitmargin
income is return on investment
 
Is This Answer Correct ?    1 Yes 5 No
Ashok
 
 
 
  Re: What is deference between Revenue and Income
Answer
# 3
revenue is the total turn over or transactions of the firm and income is nothing but profit on revenue or transactions
 
Is This Answer Correct ?    9 Yes 2 No
Sravani
 
  Re: What is deference between Revenue and Income
Answer
# 4
revenue is the return on daily business transactions of the 
business.
income s the return on long term investments or capital 
assets of the busness.
 
Is This Answer Correct ?    1 Yes 4 No
Deepthi
 
  Re: What is deference between Revenue and Income
Answer
# 5
it is the amount what you earn by selling your product or 
services. 

Net Income: 

It is the amount what remains in the end from revenue you 
earn after deducting all costs which you have incurred for 
making that product or providing services. 

Example: 

for example if you go and give tution to somebody and that 
person gives you 100$ then this is your revenue. but you go 
to teach and pay texi fare of $10 for reaching the tution 
centre then this taxi fare is your cost and you will deduct 
this cost from your revenue to reach to net income of $ 90. 

Net Profit = Revenue - Cost 
$90 = $100 - $10
 
Is This Answer Correct ?    8 Yes 0 No
Theertharao
 
  Re: What is deference between Revenue and Income
Answer
# 6
revenue means tornover of the company we can't minus  costs
from revenue income is gain on revenue
 
Is This Answer Correct ?    0 Yes 2 No
Nimmasudhakar Reddy
 
  Re: What is deference between Revenue and Income
Answer
# 7
revenue:- the amount of money that a company actually receives  
during a specific period including discounts and deductions for returned merchandise. it is the top line figure from costs are subtracted to determine net income
income:- it is the amount what remains in the end from revenue 
you earn after deducting all costs which have incurred for making that product or providing services
 
Is This Answer Correct ?    2 Yes 1 No
Ravinder.sunkara
 
  Re: What is deference between Revenue and Income
Answer
# 8
Revenu is earned by the sales activities to providing goods 
and services during the period of time. The expenditure 
which is incurred for producing goods it will recover 
through revenue.
income is earned by the investment. to gain on investement 
is called income.
 
Is This Answer Correct ?    0 Yes 1 No
Janardhan.
 
  Re: What is deference between Revenue and Income
Answer
# 9
Revenue is the total earning of a company in a financial 
year and revenue is the net profit of the company.
 
Is This Answer Correct ?    0 Yes 0 No
Navdeep Singh
 

 
 
 
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