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Income: all valuable earnings.
Profit: valuable earnings minus valued effort/cost in achieving initial income.
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∙ 10y ago
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What is the difference between ordinary income and operating income?
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
What is difference between P and L statement and income and expenditure statement?
Income and expenditure account is used by not for profit companies as they are formed for not for profit basis that's why they cannot use profit and loss account.
What is the difference between profit and cash flows?
Profit mean that when a company sales turnover more so extra income that we get is profit. Cash flow means inflow & outflow of cash when there is any expenses or income earned.
What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
Difference between Income statement and Profit and loss account?
Income statement shows only income of the concern in a particular period but Profit and loss statement shows both income and expenditure of a firm or concern for a particular period as well as it helps to know the performance of the organisation....
What is the difference between income and profit?
cost
Basic difference between profit and income?
Income is the sum of all monies coming into the company. Profit is the income less the expenses incurred by the company.
What are the key differences between income and profit?
Income is what one receives; profit is whatever part of the income is left after all business expenses and costs are paid. So the difference between income and profit is the total of business expenses and costs.
Is there a difference in selection of statistical tools for evaluation for non-profit organizations?
No. The primary difference between for profit and not-for-profit organizations is simply their income tax treatment by the IRS.
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
What is the difference between ordinary income and operating income?
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
What is difference between P and L statement and income and expenditure statement?
Income and expenditure account is used by not for profit companies as they are formed for not for profit basis that's why they cannot use profit and loss account.
What is Profit or loss account?
Profit and loss is nothing but an statements which shows the net profit and net loss during a period.
How radio gain profit?
Radio stations generate income from companies who pay to have their adverts on the radio. The difference between this income and the costs the radio station have, mostly people costs, is the profit
What is the difference between profit and cash flows?
Profit mean that when a company sales turnover more so extra income that we get is profit. Cash flow means inflow & outflow of cash when there is any expenses or income earned.
What is difference between non profit and not for profit?
There is no difference.
Difference between not for profit and non profit?
No difference.
