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Income is the sum of all monies coming into the company. Profit is the income less the expenses incurred by the company.
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∙ 15y ago
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What is a principle of basic financial management?
The basic principle is this. Income exceeds expenditure = PROFIT Expenditure exceeds income = LOSS No profit or loss = BREAK-EVEN
What is the basic method business uses to determine profit?
Income - Expenses = Profit if you take in 5000 and spent 3000 to do it you have made 2000 in profit
Difference between capital income and revenue income?
Capital income is that income which is recevied or generated from sale of capital assets like shares or gold etc. Revenue income is that income which is generated from basic business operating activities.
What is the difference between elementary level and basic level?
what is the difference between elementary and basic
What is the basic difference between fillet and radius?
no difference
What are the difference between Basic Salary and Net pay?
can u pls give me the difference between basic and net pay
What is difference between basic command and statement?
difference between command and statement
What is the difference between net ordinary income and net operating income?
Net income refers to all income minus expenses and taxes. Ordinary income refers to all income other than capital gain. Therefore, net ordinary income is income, with the exception of capital gain, after expenses and taxes are deducted.
What is the basic difference between C?
Nothing.
Difference between pascal and basic?
Kgd
What is difference between Net Income and Net Operating Income?
Net operating income (must be a positive number, otherwise would be net operating loss) is the amount after expenses have been deducted out of sales, BUT before INTEREST and INCOME TAXES have been deducted (also called EBIT: Earning before Interest and Taxes). Therefore, the difference is that Net operating income includes interest and income tax expenses, where as Net Income does not include it. Sales (-)CGS Gross profit (-)Operating expenses/depreciation Net operating Income (EBIT) (-)Interest and income taxes Net Income
What is the difference between basic earning per share and adjusted earning per share?
what is the difference between basic earning per and adjusted earning per share?
