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What is the difference between Revenue, …

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What is the difference between Revenue, Net Profit & Net Income ?

Posted by Yash Kumar 4 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

<th>BASIS FOR COMPARISON</th> <th>REVENUE</th> <th>PROFIT</th> <th>INCOME</th>

Meaning	The actual amount received by the company through its business activities without any deduction is known as revenue.	The surplus remained after reducing all expenses from the revenue is known as profit.	The actual earnings of the company during a particular accounting year is known as income.
Types	Operating Revenue and Non - Operating Revenue	Gross Profit and Net Profit	Earned Income and Unearned Income
Dependency	Revenue is not dependent on Income and Profit.	Profit is dependent on Revenue.	Income is dependent on Revenue and Profit.

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