Revenue V Profit
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From another perspective this term can also be defined as a reward for a risk taken by a business owner at the end of a business transaction and expenses.
Revenue v profit. However its not independent from revenue. Revenue or sales is the money brought into the. For example company A has a sales revenue of 1 million and high expenses so it has a net income of only 10000.
On the other hand profit implies the financial gain which is arrived after deducting amount spent from the amount earned by the concern during the course of business in an accounting period. Revenue is the total amount of sales generated by a company while income refers to the net profit earned minus expenses. This term is a subset of the other because without the former there would be no yield.
Its about the profit that a firm makes. Lets quickly dive deeper into these two terms before we get started. MeaningIncome generated from a business when a service or a product is sold.
MeasurementRevenue measures the income generation of business. Revenue is the total income generated by a business from the sale of goodsservices whereas Profit is the surplus which remains after deducting all expenses and taxes associated. So while revenue shows the total amount of money coming in income shows the total amount coming in and out.
Which is more important. Profit is usually the last line on the income statement and in many ways the most important. The bottom line profit after excluding.
Profit is whats remains of revenue after expenses. Revenue is the total amount of income generated by the sale of goods or services. What its all about.
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