For a business, income refers to net profit i.e. what remains after expenses and taxes are subtracted from revenue. Revenue is the total amount of money the business receives from its customers for its products and services.Click to see full answer. Then, what is the difference between revenue and income?For a business, income refers to net profit i.e. what remains after expenses and taxes are subtracted from revenue. Revenue is the total amount of money the business receives from its customers for its products and services.Additionally, what is the difference between revenue income and capital income? Capital income is income that arises from an asset because of the passage of time, not because the asset is being used. Revenue is your normal income from sales of goods or the supply of services. Capital income is income that arises from an asset because of the passage of time, not because the asset is being used. Just so, what is the definition of revenue income? In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.Is revenue the same as gross income?Gross revenue and gross income are two critical figures for an analyst evaluating the health of company. While gross revenue indicates how much sales volume the firm generated, gross income tells the analyst how profitable these sales have been.
