Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the difference between profit and revenue?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know what is icai?

1193


what are the limitations of accounting conventions

2602


Tell me in which account does the unpresented cheque will get recorded?

1118


What is the difference between a provisions and reserves?

1100


Tell me do you have any professional experience of this field?

1171


What is the general classification of accounts that usually ledger account involve?

1147


Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

5556


Explain what are the accounting events that are frequently involved in compound entries?

1241


what is revenue recognition rule, and can you specify the answer.

1780


Explain me do you think accounting standards are mandatory and why?

1183


what is share application money pending allotment?

4120


example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

2254


could i know how to accounting lease intrest ?

2049


While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

2326


what are the processes of account reconcillation

2128