Class 11 Exam > Class 11 Questions > Difference between income and profit?
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Difference between income and profit?
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Difference between income and profit?
Income is commonly referred to as “Gross Revenue.” On the other hand, profit is the amount that is left over after the expenses have been paid. To calculate this number, figure out your gross revenue and subtract the cost of goods that were sold as well as the expenses. Profit is also often called “Net Revenue.”
Community Answer
Difference between income and profit?
Difference is that profit can be earned as money or as by assets but income only contains monetary value
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Difference between income and profit?
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Difference between income and profit? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Difference between income and profit? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between income and profit?.
Difference between income and profit? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Difference between income and profit? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between income and profit?.
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