Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Income and Revenue?
- 5 Answers
- 10673 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / akanksha saini
Revenue:
The top line on an income statement is revenue. This is the
total amount of sales that a company has for the period
covered by the statement. This amount may stand alone, or
may be reduced by sales returns and allowances.
It is important to know how much money is being generated
from sales, but it is only half the picture. The next step
is to know how much goes out, and how much is left.
Income: Income is sometimes used instead of the word
revenue: some people refer to the rent they receive as rent
income. Generally, accountants use the word income to mean
“net of revenues and expenses.” For example, a retailer’s
income from operations is sales minus the cost of goods sold
minus operating expenses
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
In term of banking what do you mean by labs?
Banking sector falls under which sector?
What is the difference between monetary policy and fiscal policy?
When have you worked in a bad team? Which steps did you take to make it better?
Define Preference Shares?
What is fixed assets turnover ratio?
How many nations take part in G 20 Summit? Can you name them?
What do you mean by 'non-plan expenditure'?
What is the use of color boxes in WTO category of subsidies?
How many centres of eft are present in india?
Who are investment bankers?
Explain the types of accounts in banks?
explaine me what the stock market points & how to decide increase in points.
what is Option trading?
Tell me the difference between analysis model and design model?
