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Revenue is what a company generates from its primary activities, it appeared at the top of Income statement, on the other hands income or net income arises after deducting all of the expenses from revenue figure.
Gains arise from other than non trading activities like, revaluation gain, gain on short term investments.
In accounting, revenue is the income that a business has from its normal business activities ,eg, sales, service, interest, royalties , other fees etc...
income: money received especially on regular basis, salaries, wages, remuneration, stipend etc... (income is the revenue a business earn from its activities...)
gain : an increase in wealth (capital gain, dividend, reward etc
All receipts of the business is call for general activities called revenue.
All income of the business call revenue but all revenue not called income because income is also earn from other activities.
When all expenses less from the revenue called gain.
Revenue is the amount earned from a company's main activities such as selling merchandise or providing services.
A gain results from a peripheral activity
Revenue :- The collective items or amounts of income of a person , state , business .....etc .
Income :- The amount of money recived during a period of time in exchange of labor , services , sales of goods or property and also as a return of financial investment .
Gain :- profit .
Thaking You .
Revenue:
Is the income that a business has from its normal business activities, usually from the sale of goods and services to customers.
Income:
Is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time."
Gain:
For accounting purposes, it is the increase in net profit resulting from something other than the day to day earnings from recurrent operations, and are not associated with investments or withdrawals.
Revenue is recorded as the monetary value of goods/services sold to a buyer. (Net) income is the addition to equity after deduction of COGS, SG&A, interest/tax/depreciation/amortisation from sales revenue. A capital gain is when a purchased or unimpaired asset is sold for a value greater than its book / balance sheet value.
Revenue is the amount earned from a company's main activities such as selling merchandise or providing services .
A gain result from a peripheral activity ,such as selling the old delivery truck . A gain is the amount received that is in excess of the assets carrying amount .
Income is sometimes used instead of the word revenue , Income is the revenue a business earns from selling its goods and services or the money an individual receives in compensation for his or her labor, services, or investments. Businesses report this figure on the income statement whereas individuals report theirs on the form 1040.
Revenue is the amount earned from a company's main activities such as selling merchandise or providing services.
Income is sometimes used instead of the word revenue: some people refer to the rent they receive as rent income. Generally, accountants use the word income to mean "net of revenues and expenses." For example, a retailer's income from operations is sales minus the cost of goods sold minus operating expenses.
Revenue is sale ,Expenditure is cost, Gain is profit. Revenue & expense generate Profit & loss which if retain became part of balance sheet as capital or equity
