In labor scenarios and specifically in business, income is the increase in economic benefits produced throughout the reporting period, in the form of entries or increases in the value of assets, or as decreases in obligations.
Which namely result in increases in equity, other than those related to contributions from equity investors, I should note that the definition of income includes both revenue and profit.
Revenue arises in the course of an entity's ordinary activities and goes by a variety of names, such as sales, commissions, interest, dividends, royalties, and rents.
Another definition refers to the gross inflow of economic benefits, during the period, arising in the course of the ordinary activities of an entity, provided that such inflow gives rise to an increase in equity that is not related to the contributions of those who participate. in the same.
In this sense, profits are other items that meet the definition of income but are not income from ordinary activities. Among the main activities that generate ordinary income are the following: the sale of goods (whether or not the entity produces them for its sale or purchase for resale, the provision of services, construction contracts in which the entity is the contractor, and the use, by third parties, of assets of the entity that produce interest, royalties or dividends.