FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Difference between Income vs Revenue

Difference between Income vs Revenue

Income and revenue are two important components of a financial statement. If you look at the financial statement of any company the first entry that is made is of the sales or the revenue generated. This is the figure that tells the amount of cash flow in the business during the time period covered by the financial statement. This is an important figure as to make profit or income, a business needs to generate sales. Therefore revenue refers to all the money that a business generates by doing what it does- whether selling products or providing services. On the other hand, income refers to the profit or the money company is left with after deducting all the expenses from the revenue or the sales. These expenses are the costs of doing business such as payments to employees, electricity bills, taxes, interest on loans etc. Thus it is clear that there is a lot of difference between income and revenue.

If a company’s financial statement shows a small figure in the entry earmarked as revenue, it simply reflects that the company is less likely to be profitable. For companies that are starting up, initial expenses are too high. One can easily sum up such enterprises as having a good potential in future if they are able to show good revenue figures. In accounting practice, income is always used in the context of net income. Net income is the same as profit. Income statement is one of the most important financial statements of an organization and the basic premise of this income statement is the total revenues minus all expenses equals Net Income. In other words,

Revenues- All expenses= Net Income

Revenue means sales in any financial statement and it is the first entry in any financial statement.

Income means profit and it is the last entry in any financial statement.

Difference between Income vs Revenue

Income vs Revenue• Revenue and income are two different entities that are posted at different places in any financial statement.• Revenue refers to cash inflow in the business due to normal business activities such as sale of products or providing services.• Income refers to profit generated through business and it is revenue minus all expense
 Difference between Income vs Revenue

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

 .

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

Leave a comment

Your email address will not be published. Required fields are marked *