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I can only speak as a US CPA, but revenue and income are used interchangeably. You're thinking of net income or profit. It's certainly preferable to use the ter
by sotix 1y ago
I can only speak as a US CPA, but revenue and income are used interchangeably. You're thinking of net income or profit. It's certainly preferable to use the term revenue instead of income in my opinion however to avoid misunderstandings like this.
- otterley 1y agoI think that's a tax thing (where revenues are treated as "income" for taxation purposes), not a financial accounting thing.