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		<title>What is difference between Revenue and Income ?</title>
		<link>https://www.wikitechy.com/interview-questions/accounting/what-is-difference-between-revenue-and-income/</link>
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		<pubDate>Wed, 04 Aug 2021 05:25:49 +0000</pubDate>
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					<description><![CDATA[Answer : Revenue is the total turnover or transactions of the firm...]]></description>
										<content:encoded><![CDATA[<div class="TextHeading">
<div class="hddn">
<h2 id="what-is-difference-between-revenue-and-income" class="color-pink">What is difference between Revenue and Income ?</h2>
</div>
</div>
<table class="table-bordered table-striped table table-responsive">
<tbody>
<tr>
<th>Revenue</th>
<th>Income</th>
</tr>
<tr>
<td class="text-leftalign">Revenue is the total turnover or transactions of the firm.</td>
<td class="text-leftalign">Income is profit on revenue or transactions.</td>
</tr>
<tr>
<td class="text-leftalign">Profits from the sales of products and services to customers,<br />
as well as other actions like investment.</td>
<td class="text-leftalign">Net profit, or money that remains after expenses are deducted from revenue.</td>
</tr>
<tr>
<td class="text-leftalign">Revenue is not dependent on Income and Profit.</td>
<td class="text-leftalign">Income is dependent on Revenue and Profit.</td>
</tr>
<tr>
<td class="text-leftalign"><b>Types</b></p>
<ul>
<li>Operating Revenue</li>
<li>Non &#8211; Operating Revenue</li>
</ul>
</td>
<td class="text-leftalign"><b>Types</b></p>
<ul>
<li>Earned Income</li>
<li>Unearned Income</li>
</ul>
</td>
</tr>
</tbody>
</table>
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