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What is difference between income,profit and revenue?

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Question added by muhammad adil urdu speaker
Date Posted: 2015/09/16
Mohammad Iqbal Abubaker
by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

 I agree with the answer given by Shahad Ramadan   Accountant-Head Office.

Shahad Ramadan
by Shahad Ramadan , Accountant-Head Office , United Matbouli Group (FMP)/ Samsung

Revenue:is the amount received by the business from selling main goods or services to its customers during the period.

 

Income: is term which is loosely used to mean the total earnings of the business.

 

Profit: is what business is left with after deducting such expenses from revenue which made the receipt of revenue possible.

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