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Home > Business & Careers > Accounting   »   Income Statement

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Old Apr 3, 2007, 08:08 AM
nicknac
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Income Statement
what is the difference between gains and revenues?

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Old Apr 3, 2007, 10:45 PM   #2  
CaptainForest
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Investopedia.com - Your Source For Investing Education says...

REVENUE
Quote:
The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income.

Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.

Revenue is also known as "REVs"

Revenue is the amount of money that is brought into a company by its business activities. In the case of government, revenue is the money received from taxation, fees, fines, inter-governmental grants or transfers, securities sales, mineral rights, and resource rights, plus any sales that are made.

Sometimes acquisitions and divestitures will skew revenue figures


GAIN
Quote:
An increase in the value of an asset or property. A gain is measured as the amount of capital realized from selling a good at a price higher than the original purchase price.

When most gains are realized, they are subject to capital-gains tax.
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