What is Income?

by Eileen McDonald
(Bronx, NY )

Yankee stadium

Yankee stadium

Q: Is the income the money that is coming in from the profit that you made? (Today I have a quiz and the booksotores dont have the book until the thirteenth so it makes it a little harder.)

A: Sorry for the delay here Eileen.

Please take a look at the lesson on defining income for a full explanation of this accounting concept.

Comments for What is Income?

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by: Anonymous

well technically i already went through that already. i was hoping you couldve gave me a better explanation from yourself

Eileen, you're getting income and profit confused. There is a big difference between the two. See the lesson above and also the lesson where I define profit. Doesn't matter if you've read these before - read them again - they contan all the info you need.

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