Multiple choice

Income is the differnt between revenue and -----------

  1. Expenditure

  2. Liabilities

  3. assets

  4. Dues

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Income represents the net result of revenue minus expenditure over a period. While revenue is the total inflow from business activities, income is what remains after deducting related expenses. Liabilities, assets, and dues are balance sheet items, not income statement components.