NickyW Registered Posts: 97 💫 🐯 💫
I know this is a really stupid question and not one I should be asking at this stage! But is there a difference between revenue and income?
The way I see it is revenue is sales income and income refers to revenue plus any other gains such as profit on disposal. Or are they the same thing??


  • Big Bird
    Big Bird Registered Posts: 62 💫 🐯 💫
    Yep thats correct, revenue comes from the day to day activites of the entity, eg. sales for a manufactoring company and fees for services from say a solicitors, and income includes revenue plus any revaluation of assets and any gains on assets sold, and any share capital increases, etc
    Hope this helps:001_smile::001_smile:
  • NickyW
    NickyW Registered Posts: 97 💫 🐯 💫
    Yes it does - Thanks!!
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