Difference Between Revenue And Net Income
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The term revenue depicts the total amount of money earned by an organization by sale of products or rendering of services and at what price is it sold or rendered while the term income is obtained by deducting all the direct and indirect expenses from revenue showing how well an organization utilizes its resources and achieves its goals using its limited.
Difference between revenue and net income. What the difference between income revenue profit gain plz. Revenue is the total amount of sales generated by a company while income refers to the net profit earned minus expenses. People often refer to net income as the bottom line as it is the last line item on an income statement. Editorial staff updated.
M u ahmed at. Difference between revenue and income. Net profit is the amount of revenue that includes incomes from other activities as well and all such expenses has been deducted which were incurred towards main activities as well as other activities. Revenue is the amount of money that a company actually receives during a specific period including discounts and deductions for returned merchandise.
The formula for net income is simply total revenue minus total expenses. Let s quickly dive deeper into these two terms before we get started. Difference between revenue and net income by. The main difference is the revenue consists of all the expenses and incomes.
Just as revenue is the top line net income is the bottom line or the bottom figure on a company s income statement. Dec 5 2017 many people especially those who do not work in the business or finance industry believe that revenue is synonymous with net income. Income example apple inc. Whereas the net income consists of.
It is the top line or gross income figure from which costs are subtracted to determine net i. So while revenue shows the total amount of money coming in income shows the total amount coming in and out. If we do a percentage calculation between the net sales and the net income we will get that the net income is 30 000 100 000 100 30 of the net sales or the net revenue.
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