Revenue - What is revenue and profit?

Q: What is revenue and profit?

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Profit, typically called net profit or the bottom line, is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs.

Answer

Sales of products and services pertaining to a business's core competencies constitute its revenue. After deducting all costs, obligations, extra revenue sources, and operational expenditures, the remaining amount is profit, often known as net profit or the bottom line.

Revenue - What is revenue and profit?

Other useful ERP terms

AI generated suggestions