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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.
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Answer / chiranjeevi
income is nothing but received or receivable amount from the customer.where as profit means excess of income over the expenses.
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