Revenue:
Is the amount you earn by selling your product or services.
Net Income:
Is the amount that remains from your revenue after deducting all costs which you have incurred for making that product or providing services.
Example:
For example, if you go and give tuition to somebody and that person gives you $100 then this is your revenue. But you have to pay taxi fare of $10 to reach the tuition center then this taxi fare is your cost, and you will deduct this cost from your revenue to reach to net income of $90.
Net Profit = Revenue - Cost
$90 = $100 - $10
Hope this helps!
While net income and net revenue are sometimes used interchangeably net revenue refers to operational revenue (e.g., sales less returns less cost of goods sold less marketing expense, less other overheads, etc.) whereas net income refers to all income and expense components (e.g., interest income, one-time-only events, etc.).
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross income.
Revenue is the profit made from an activity, while cost is the price something is.
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Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
Net Income
The difference between revenue and retained earnings is that revenue is the ... they are derived from net income on the income statement and contribute to ..
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross income.
Revenue is the profit made from an activity, while cost is the price something is.
Earning is more in sense of sales revenue while net income is different in this sence that it is the difference between revenues or earnings from expenses.
Net Income (Loss)
Net income percentage = Net income / Revenue