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What is the difference between Revenue, …

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

Posted by Yash Kumar 8 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Naveen Sharma 8 years, 5 months ago

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations.
Gross profit is the difference between the revenue earned and the cost of goods sold (COGS) for a given period of time.
Income is often considered a synonym for revenue, as both terms refer to positive cash flow. However, in a financial context, the term income almost always refers to the bottom line, or net income. Also referred to as net profit, this number represents the total amount of cash that remains from the original amount of revenue after accounting for all expenses and additional income.

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