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Revenue is the money flowing in to your business whereas net income it was is left after paying the expenses of the business.
Is revenue net income. Revenue comes in the form of sales of product or services or other business income sources. Revenue is also referred to as the top line because it comes first in the financial statement of the company. Net income goes even further than net gross margin because you deduct all other expenses including overhead and taxes. Net income is the same as the profit of a business or its earnings for all of these terms profit net income or earnings we are talking about a net amount including both the income revenue of the business and deductions to that income.
However income is net profit generated after subtracting all expenses such as operational administrative taxes etc. Therefore net income is known as the bottom line of a company s income statement. Revenue is the total amount of money a company generates from its core operations. The net revenue is what a company earns as a whole and the net income that the company is left with after bearing all the expenses and adding other sources of income.
So while revenue shows the total amount of money coming in income shows the total amount coming in and out. Revenue generated by a company is the total income generated by the sales of goods and services produced by a company. Earnings and net income are commonly used as synonyms. People often refer to net income as the bottom line as it is the last line item on an income statement.
After subtracting the cost o. Example let s say that we have the gross revenue of 110 000 with a sales discount of 10 000. Non accountants might use the term income instead of the word revenue. The formula for net income is simply total revenue minus total expenses.
Revenue is the total amount of sales generated by a company while income refers to the net profit earned minus expenses. Generally accountants use the term income to mean net of revenues and expenses for example a retailer s income from operations is its net sales minus the cost of goods sold minus its selling general and administrative expenses.
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Also Called As Net Profit Or Bottom Line Net Income Is About To Reduction Of Total Costs From Total Revenue Net Earnings Ni I Net Income Income Net Profit
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