What Is The Difference Between Revenue Vs Income – Accountants In Islamabad
October 5, 2022 ⚊ 1 Min read ⚊ Views 116 ⚊ BUSINESS
In the context of a company, “income” refers to the net profit, or the amount that is left over after deducting operating expenditures and taxes from revenue. The entire amount of money that an organisation earns through the sale of its goods and services to consumers is referred to as its revenue. However, in the context of persons, “income” typically refers to the sum of all earnings, salaries, tips, rentals, interest, and dividends earned over the course of a certain time period.
Tags: Accountants, Accounting Services in Islamabad
