What is difference between Revenue and Income ?
| Revenue | Income |
|---|---|
| Revenue is the total turnover or transactions of the firm. | Income is profit on revenue or transactions. |
| Profits from the sales of products and services to customers, as well as other actions like investment. |
Net profit, or money that remains after expenses are deducted from revenue. |
| Revenue is not dependent on Income and Profit. | Income is dependent on Revenue and Profit. |
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