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It is important to note that many people use the term income to mean revenue.
Revenue income in accounting terms. In accounting revenue is the income or increase in net assets that an entity has from its normal activities in the case of a business usually from the sale of goods and services to customers. Income is often considered a synonym for revenue since both terms refer to positive cash flow. Revenue sales revenue sales revenue is the income received by a company from its sales of goods or the provision of services. This guide provides an overview of the main differences between revenue vs income.
However in a financial context the term income almost always refers to the bottom line or net. In accounting a gain is the result of a peripheral activity such as a retailer selling one of its old delivery trucks. In accounting the terms sales and revenue can be and often are used interchangeably to mean the same thing. Revenue may refer to income in general or it may refer to.
Revenue is the amount earned from a company s main operating activities such as a retailer selling merchandise or a law firm providing legal services. What is the difference between revenue income and gain. What is revenue vs income.
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