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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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Sia ? 4 years, 9 months ago
| 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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Amar Kumar 8 years, 5 months ago
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn"
Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account customer can write checks or make withdrawals. The most common form of business borrowing, an overdraft is a type of revolving loan.
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Deepali Pandey 8 years, 5 months ago
0Thank You