Q: What is the difference between ‘capital income’ and ‘revenue income’?
28 August 2012
I would suggest the following definitions:
Revenue income
I would suggest the following definitions:
Revenue income
This refers to amounts "derived from the provision of goods and services falling within the company’s ordinary activities, after deduction of returns, trade discounts, value added tax, and other taxes based on the amounts so derived" (Companies Act 1985). Although the Act refers to companies...