Understanding Business
Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
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Chapter 17.3, Problem 17.3CQ
Summary Introduction

To discuss: The difference between revenue and profit.

Introduction: Revenue is the gross receivables by the company for the supply of goods or provision of services.

Profit is the income of an organization arrived after deducting the expenses relating to the revenue in a given period.

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