what is the difference between profit and revenue?
Answers were Sorted based on User's Feedback
Answer / b.vijaya bhaskar reddy
Revenue is NOT the same as sales.
Revenue is the total of ALL income to the company, from whatever source.
Profit is what's left over after ALL expenses, not just the expenses of prosucing the products.
Is This Answer Correct ? | 15 Yes | 3 No |
Answer / lakshmi prasanna.bonthu
revenue means total income of that financial year.
but profit is different from revenue,
profit means the amount of revenue (or) income which exceeds
the expenditure of that financial year.
in simple words, its the difference b/w expenditure & income
in one financial year.
Is This Answer Correct ? | 7 Yes | 0 No |
Revenue-total earning (like Sale,bank interest,or any other
sources
Profie- Total Revenue-Expenses
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / babhu kanchupalli
The amount arise from the regular business activities i.e sales is called revenue......
Revenue=sales*price
Profit is Revenue over expenditure.....
Profit=Revenue-Expenditure
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mahendararaj
Revenue meant whatever we will get cash from the customer due
to sold, But profit meant after deduct reasonable expenses (
Direct or Indirect Expenses) Ex. We sold vehicle for Rs 20000,
and we paid Rs 2000 Salary for the salemen. The revenue is
20000, Profit is 18000.
Is This Answer Correct ? | 1 Yes | 1 No |
if we are purchase on vat tax and sales tax can do tds?
How is closing stock is valued at the end of the accounting year?
how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me
what is mutual funds?
what is invoice
what is entry for salary advance? salary entry mentioned by Indusial name
Role-specific management accountant job interview questions:
What are Wash accounts and suspense accounts and how do they operate?
Can I do ca without maths as a subject...?
what question ask in aptara for technical test questions?
what is GA (general accounting).
what type account are below Debentures Bank overdraft