What is the difference between revenue and prof... - SS1 Accounting Profit And Loss Account: Meaning/Definition Question
What is the difference between revenue and profit in a profit and loss account?
A
Revenue is the total amount of money a company made during a period, and profit is the money left over after deducting expenses.
B
Revenue is the total amount of money a company made during a period, and profit is the total amount of money a company has.
C
Revenue and profit are the same thing.
correct option: a
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