Revenue vs. Income
Main DifferenceThe main difference between Revenue, and Income is that Revenue only deems the amount of income a business originates through the sale of its goods or services whereas income refers to net profit, i.e., what remains after.
Difference Between Revenue and Income
Revenue vs. Income
Revenue divided into operating and non-operating revenue, and income classified as earned and unearned income.
Revenue vs. Income
Without revenue, there is neither profit nor income in the business.
Revenue vs. Income
Revenue is the nasty amount, i.e., without any deductions while income derived after deductions of expenses and taxes.
Revenuenoun
The income returned by an investment.
Incomenoun
Money one earns by working or by capitalising on the work of others.
Revenuenoun
The total income received from a given source.
Incomenoun
Money coming in to a fund, account, or policy.
Revenuenoun
All income generated for some political entity's treasury by taxation and other means.
Incomenoun
(obsolete) A coming in; arrival; entrance; introduction.
Revenuenoun
(accounting) The total sales; turnover.
Incomenoun
A newcomer or arrival; an incomer.
Revenuenoun
(accounting) The net revenue, net sales.
Incomenoun
(obsolete) An entrance-fee.
Revenueverb
(intransitive) To generate revenue.
Incomenoun
(archaic) A coming in as by influx or inspiration, hence, an inspired quality or characteristic, as courage or zeal; an inflowing principle.
Revenueverb
(transitive) To supply with revenue.
Incomenoun
A disease or ailment without known or apparent cause, as distinguished from one induced by accident or contagion; an oncome.
Revenuenoun
the entire amount of income before any deductions are made
Incomenoun
That which is taken into the body as food; the ingesta; sometimes restricted to the nutritive, or digestible, portion of the food.
Revenuenoun
government income due to taxation
Incomenoun
the financial gain (earned or unearned) accruing over a given period of time
Comparison Chart
| Revenue | Income |
| The factual amount received by the company through its business activities without any inference is known as revenue. | The factual earnings of the company during a specific accounting year is known as income. |
| Categories | |
| Operating Revenue and Non - Operating Revenue | Earned Income and Unearned Income |
| Dependence | |
| Revenue is not dependent or reliance on Income and Profit. | Income is dependent on Revenue and Profit. |
Revenue vs. Income
Revenue is the dividing line of the income description whereas the Income is the actual earnings of the company, left over after subtracting all expenses, interest, dividend, taxes, and losses. While revenue comprises the gross earning from primary operations (without any deductions), income and costs in the revenue and Income refers to earnings from all the sources combined.
What is Revenue?
Revenue, or sales, is the income or earning your business receives from business-related activities. For most businesses, most of its revenue derived from sales. You can find your revenue at the forefront of your business’s income statement. To evaluate sales, multiply the price of products or services by the amount you sold. Revenue does not reveal you how much your business has during a period. Profit exhibits you the amount your business gains or loses after you deduct expenses. To calculate your profit or net result/loss, you must use your business’s revenue as a place of start. To find your profit, subtract your whole expenses from your whole revenue. There are two sorts of revenue your business may receive: Operating Revenue and Non-Operating Revenue. The revenue concepts are concerned with Total Revenue, Average Revenue, and Marginal Revenue.
- Total Revenue: Total revenue is the sum of all sales, receipts or income of a firm.
- Average Revenue: The average revenue curve shows that the price of the firm’s product is the same at each level of output.
- Marginal Revenue: Marginal revenue is the change in total revenue which results from the sale of one more or one less section of production.
What is Income?
Income increased in economic benefits throughout the accounting period in the form of flows or enhancements of assets or reduces of liabilities that result in increases in equity, other than those relating to contributions from equity participants. Income is. Therefore, a rise in the net assets of the existence during an accounting period exclude for such increases en-trained by the contributions from owners. However, net assets of an entity might increase merely by a further capital investment by its owners even though such an increase in net assets not regarded as income. This is the value of the latter part of the definition of income. There are four types of income:
- Earned Income: Earned income is any income developed by working. Your salary or money based on hourly employment (irrespective of whether that salary or hourly income derived from working for someone else or from your own “consulting”) is considered earned income.
- Portfolio Income: Portfolio income is any income produced by selling an investment at a high price than you paid for it. Some people relate to portfolio income as “capital gains. It often takes a good couple of knowledge and endures to learn how to make money trading paper assets. Except you have inside knowledge of the companies, you’re trading,
- Passive Income: Passive income is money you obtain from assets you have purchased or generated. As an example, if you were to purchase a house and rent it out for more money than it costs you to pay your pledge and other expenses, the profit you make would be considered passive income.
ConclusionThe never-ending business action starts with the arrival of revenue from which profit realized in the form of financial advantages to the company. After arriving at the profit, the partiality dividend is reduced from it, which result in the net income of the company for a particular financial year.
