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What is the term used to describe the difference between revenue and expenses?
Wiki User
∙ 12y ago
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
Wiki User
∙ 12y ago
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What is the difference between Cost of revenue and revenue?
m mnmk
What is Revenue Deficit?
When the money coming in (revenue) is not enough to cover expenses.
What is the difference between operating costs and revenue expenditure?
They are synonyms.
The difference between total revenue and total cost?
profit or loss
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is a journal entry that moves the difference between revenue and expenses from the income statement to the owner's equity?
expenses decrease owner's equity where as revenue increases owner's equity
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
Difference between net income and revenue?
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Difference between net income and gross income?
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.
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What is Gross operating income?
It is the difference between revenue from the business and the cost of making a product or providing a service. This is the number before you deduct all expenses.
What is the difference between a revenue center and a support center?
what is the difference between revenue center and suport center
What is Gross margin operating income?
It is the difference between revenue from the business and the cost of making a product or providing a service. This is the number before you deduct all expenses.
What is the difference between Cost of revenue and revenue?
m mnmk
In accounting profit is the difference between what?
difference between revenue and costs
Difference between matching and revenue recognition concept?
Matching concepts advocates the matching of one fiscal year revenues with same fiscal year expenses while revenue recogition concepts advocates the no revenue can be recognised until product is not transferred to third party.
