| A | B |
|---|
| Income | The money received by resource owners and by producers for supplying goods and services to consumers |
| Operating statement | Another name for an income statement |
| Net income/profit | Money remaining after operating expenses are subtracted from gross profit |
| Profit-and-loss statement | Another name for an income statement |
| Ratio | A comparison created when one number is divided into another |
| Operating expenses | All expenses involved in running a business |
| Profit | Income left once all expenses are paid |
| Revenue | The total amount of money earned by a business; income |
| Income statement | A summary of a business’s income and expenses over a period of time |
