0
Revenue is the gross inflow of economic benefits during the period arising in the course of ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants. Income is the increase of economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Difference between net income and revenue?
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
What is the Difference between a general obligation bond and revenue bond?
General Obligation bonds are secured by "taxes" primarily, whereas revenue bonds are secured by the "income" from the issuer of that particular bond.
Difference between revenue and income?
Gross income is basically revenues and gains minus expenses and losses. Net income is gross income minus taxes. Profit is directly related to products and services. For example, sales minus cost of goods sold (what the business paid)= profit. Revenue can be sales revenue, revenue collected from interest on investments, etc... It is actual money earned. saranrajh HNDM marketing spl. 2012-04-18.
What is the difference between revenue and expense called?
Net Income
Difference between net income and revenue?
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
Where does the fund for payroll come from Does it come from net income/retained earnings?
The difference between revenue and retained earnings is that revenue is the ... they are derived from net income on the income statement and contribute to ..
Difference between capital income and revenue income?
Capital income is that income which is recevied or generated from sale of capital assets like shares or gold etc. Revenue income is that income which is generated from basic business operating activities.
What is the difference between cost and revenue?
Revenue is the profit made from an activity, while cost is the price something is.
What is the difference between ordinary income and operating income?
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
What is the difference between operating income and net revenue?
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross income.
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What is difference between asset and revenue?
An asset is a valuable property owned by a company, available to meet debts. Revenue is any income a company receives.
