COMPUTATION OF INCOME, EXPENSES AND PROFIT (LOSS) - 10 PROBLEMS SOLVED
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations.
Revenue, also known simply as "sales", does not deduct any costs or expenses associated with operating the business.
Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.
While revenue and profit both refer to money a company earns, it's possible for a company to generate revenue but have a net loss.
Source: Investopedia
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