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sandhya

sandhya (Querist)
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19 September 2014 what is the difference betwn revenue income and profit

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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19 September 2014 Dear Sandhya,

The terms Revenue and Income are same.

If income is exceeding expenditure it is called profit

i.e. Profit = Revenue or Income Less Expenditure.

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