Definition of Revenue
Revenue is the 游戏电竞线上外围APP v5.2 amount earned from a company's main operating activities, such as a retailer selling merchandise or a law firm providing legal services.
Definition of Gain
In accounting, a gain is the 游戏电竞线上外围APP v5.2 result of a peripheral activity, such as a retailer selling one of its old delivery trucks. A gain occurs when the cash amount (or its equivalent) received is greater than the asset's carrying amount , which is also referred to as the asset's book value . For example, if the company receives $3,000 for the old delivery truck, and the truck's carry amount (book value) at the time of the sale was $600, the company will have a gain of $2,400.
Definition of Income
Non-accountants might use the term income instead of the word revenue . Generally, accountants use the term income to mean "net of revenues and expenses." For example, a retailer's income from operations is its net sales minus the cost of goods sold minus its selling, general and administrative expenses.
