Help please
What is the difference among Revenue, Income,Profit, Benefit?
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Answers · 6
2
Hi Kamil;
Good question!
Revenue is the total amount of money received for goods and/or services. Example: The company sold 50,000 automobiles and generated 10,000,000 in revenue.
Income or net profit are the same. Revenue minus expenses equals income/net profit.
Benefit is any enhancement, advantage of gain. Profits are benefits but so is having a good reputation.
I hope this helps,
Stephen
1
I'd only add that "income" also refers to the money that you regularly get, i.e., your wages. Also, "benefit" may refer to the specific perks of working for a certain company: "They provide all their employees with a mobile phone".
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