What is the difference between Revenue and Income ?
What is difference between Revenue and 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.|