- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › revenue vs income
I have 2 questions:
1) what is the basic difference between revenue and income?
2) (a) Profit is the excess of income over expenditure.
(b) Profit is the excess of revenue over expenditure.
which of the above 2 statements would be regarded as correct?
Revenue is the total earned by the company from the sale of goods or services.
Depending on the context, income is sometimes used as just another word for revenue, or is sometimes used as another word for profit.