UrbanPro

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

What is the difference between income and profit?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Tutor

Income means the total amount you earned through the operations whereas the profit means the excess of the earnings over the cost spent for earning the total amount
Comments

Tutor

Income is the total receipts and profit is the net income after deducting expenditure and taxes from income
Comments

Income is the total amount received by the business without deducting expenditure. Profit is the amount derived after deducting expenditure
Comments

Commerce Tutor

Income means what you earn as business or any other way say interest etc.profit is different from income.it is calculated by deducting all your expenses from income.for e.g ur business income is 50000 and your expenses of running business is 20000.then your profit will be 50000-20000=30000.
Comments

View 2 more Answers

Related Questions

What are the options for a BCOM graduate in Canada?
Hi vidya , post bcom you may go for a job in Canada based companies or else go for further studies. If you apply for big 4 Canada it would be good option
Vidyarajeev
0 0
8
What is the best study timetable for a Bcom student?
Hi puneeth . you can prepare your study timetable.according your time availability. first write down your portion on a A4 size paper . place that paper on a wall by that you can see the portions daily....
Praneeth
0 0
8
Is a BCom (Honours) and an MBA a better combination than CA?
Sainath, It all depends on career path you want to choose. Professional degree can not be compared with PG degree course. Not comparable.
Sainath
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

B.Com 1st Year Law Test - Unit 1
B.Com 1st Year - Law Duration: 1 HoursMax Marks: 20 Q1. Define the term Contract. Explain with the help of its essential features? Q2. Explain the term Void, Voidable & Innelgal Contract? Q3....

Standard Costing
Define the term Standard Costing and outline the steps involved therein. According to ICMA, London, Standard Costing refers to "the preparation and use of standard costs, their comparison with actual...
F

Types of Financing
Bridge Financing: Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial institutions. The...
F

Taxation issues on restaurant bill
Taxation system in Restaurant It is well known by the consumer that restaurant normally charge for both component ‘Goods and Services’. For goods component, value added tax are charged at...

Journal entries
Basically all the students are facing some problems with regard to pass journal entries Here am giving some tips to follow so u can easily pass entries without rules 1.purchase goods for cash Here...

Recommended Articles

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more