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income, revenue, turnover and sales are the same things.
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
Income means the total collection during the year and where as revenue means the total sales during the year
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.
income is a turnover and revenue is sales are the same things.
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
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..
income and revenue is same
Thanks for inviting , so far i agree with Mr. Sameer
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.
