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What is the diffrence between income and revenue?

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Question added by RASWAN SHADI MAHAL , Payroll Accountant , ESAD MANPOWER COMPANY
Date Posted: 2016/05/17

income, revenue, turnover and sales are the same things.

Mohammad Alarjeh
by Mohammad Alarjeh , Founder - Finance Director & Business Consultant , ARMA INVESTS. www.armainvests.com

Revenue is found at the top of the page. This is the number from which all calculations originate. Revenue is simply the total amount of cash generated by the sale of products or services associated with the company's primary operations, less any returns or discountsIncome is often considered a synonym for revenue, as both terms refer to positive cash flow. However, in a financial context, the term income almost always refers to the bottom line, or net income

Viswanathan Edathalassery
by Viswanathan Edathalassery , General Manager- Finance and Accounts , coastal infocom Private Limited

Income means the total collection during the year and where as revenue means the total sales during the year

Md. Kazi Mahabub Murshed
by Md. Kazi Mahabub Murshed , Senior Financial Consultant , ACNABIN Chartered Accountants

Income is the net of Revenue and Expenses; whereas, Revenue is the total amount accrued or recevied from customers in a particular period of time.

Mohan Kumar T R Mohan Kumar T R
by Mohan Kumar T R Mohan Kumar T R , Accounts Manager , Peopletree Hospitals

income is a turnover and  revenue is sales are the same things.

alajami albadawi alajami mohammed
by alajami albadawi alajami mohammed , مدير حسابات , شركة عمرانيون وشريكه لاستشارات الهندسية

 revenue is the amount collected from main activity 

but income is the amount return to company from main activity " like sales " and other activities for example the amount return from selling fixed assets

varun  janardhanan
by varun janardhanan , Asst.Income Auditor , sheraton kuwait

Revenue (sometimes called sales) refers to all the money a company takes in from doing what it does — whether making goods or providing services.

“Net income” is the phrase commonly used to refer to a company’s “profit.” It represents how much money the company has left over, if any, after it’s paid the costs of doing business — payroll, raw materials, taxes, interest on loans, etc..

Waleed Abdul Kader
by Waleed Abdul Kader , مدقق محاسبة رئيسي Senior Auditor، مدير موقع www.f2aw.com , يسري وشركاه لتدقيق الحسابات Youssry & Co Auditing

income and revenue is same

Amjed Mehboob
by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre

Thanks for inviting , so far i agree with Mr. Sameer

Shameer Nazir Madari
by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Both “income” and “revenue” are financial and business terms. Their meanings closely resemble each other because they are often used in the same context. Both concepts are applicable in accounting and economic disciplines.

“Revenue,” for instance, is the total amount of money that a business earns by doing its activities. These activities include selling a product or a service, but it can also be earned by an indirect means. Indirect business revenue can be gained if a business has placed money in investments.

On the other hand, “income,” also known as “net profit,” is the money left for a business after it subtracts costs and expenses from its revenue.

Hafiz Sohail Ahmed
by Hafiz Sohail Ahmed , Procurement Assistant - Spare Parts , Emirates Flight Catering LLC

income and revenue are financial and business terms. Their meanings closely resemble each other because they are often used in the same context. Both concepts are applicable in accounting and economic disciplines.

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