What is difference between Revenue and Income ?

Answer : Revenue is the total turnover or transactions of the firm…

What is difference between Revenue and Income ?

Revenue Income
Revenue is the total turnover or transactions of the firm. Income is profit on revenue or transactions.
Profits from the sales of products and services to customers,
as well as other actions like investment.
Net profit, or money that remains after expenses are deducted from revenue.
Revenue is not dependent on Income and Profit. Income is dependent on Revenue and Profit.
Types

  • Operating Revenue
  • Non – Operating Revenue
Types

  • Earned Income
  • Unearned Income
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