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A.Income minus expenses
B.Receipts minus expenditures
C.Inflows minus outflows
D.Revenue and Expenses
My answer is D. revenue "minus" expenses.
Profit talks primarily about the main line of its business activity. Income reflects the total earning of the entity whether from business or non-business activity. Revenue less expenses is equal to profit. Income is generally broader than revenue because it covers all the activity (business and non-business) while revenue reflects only the main line of business activity.
the correct answer is INCOME MINUS EXPENSES
Option-1 is correct answer. Because the Income from Business minus expenditure arising out of Business is nothing but Net profit.
A.Income minus expenses..........
It's D... Revenue minus expenses.
Option A)income minus expenses
profit is always equal to revenue minus expense
A.Income minus expenses,,................................
The correct answer is D.Revenue and Expenses
D - Revenue plus Expenses , or in other words selling price minus cost price ( regardless to expenses). While profit minus expenses equals Revenue.
A. Income minus expenses will give us profit
