I am preparing for coming CPT and working in a Co.
I'm very much confused while understanding Revenue Concept can anyone help me in regarding this?
What are all the diff b/w Revenue and Profit?
Regards,
Dilip
Replies (1)
Guest
Revenue is income like sales, and profit is gain means Revenue minus expenses incurred to earn that income. For example: Sales(Revenue) - Purchases(Expenses)=Profit.