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Revenue arises in the course of the ordinary regular activities of an entity. Its examples include sales of merchandise by a merchandising company, lease income by a leasing company, tuition fees by schools and other educational institutions, interest by lending and banking institutions, dividends received by stock holding companies, and professional fee by a professional.
Gains represent other items that are considered as income but do not arise in the course of ordinary regular activities of an entity. Examples are gain from sell of property by a company whose primary operation is not selling of properties, gain from sale of investments by a company whose primary operation is not selling of investments, and gains from foreign currency exchange transactions and translations.
Revenue also refers to gross sales or receipts earned by an entity, while gain represents the excess of selling price or fair value of an asset over its carrying or book value.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoRevenue is generated from primary business operating activity while gain can be generated from any non primary business activity.
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What is the difference between a revenue center and a support center?
what is the difference between revenue center and suport center
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
The difference between turnover and revenue?
In U.K. "turnover" is what U.S. calls "revenue"
What is the difference between ordinary income and operating income?
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
What is the difference between capital income and revenue income?
Revenue Income:which is earned or generated by sales of goods or services.Capital Income:Cash or goods used to generate income by investing in business or other property.Example:Investment in shares and gain on sale of asset.
What is the difference between a revenue center and a support center?
what is the difference between revenue center and suport center
What is the difference between Cost of revenue and revenue?
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In accounting profit is the difference between what?
difference between revenue and costs
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
The difference between turnover and revenue?
In U.K. "turnover" is what U.S. calls "revenue"
What is the difference between ordinary income and operating income?
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
What is the difference between capital income and revenue income?
Revenue Income:which is earned or generated by sales of goods or services.Capital Income:Cash or goods used to generate income by investing in business or other property.Example:Investment in shares and gain on sale of asset.
The positive difference between revenue and costs?
Profitability
What is the difference between profit and gain?
Profit is related to monetary and material growth. Gain is in kind, it's beyond money. it's difficult to explain in detail but it's very much like the difference between price and value. That's the reason why we always "gain new skills and knowledge" and not "profit skills and knowledge !!!!!!!!!!!!!"Truly, we should look after maximum gain rather than maximum profit in all our dealings.
What is the difference between revenue and expense called?
Net Income
What is the difference between operating costs and revenue expenditure?
They are synonyms.
Difference between expenditure management and revenue management?
Expenditure is money going out, revenue is money coming in.
