The term used in the Framework for the Preparation and Presentation of Financial Statements for income which arises in the course of the ordinary activities of an entity is:

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According to the Framework for the Preparation and Presentation of Financial Statements, the term used for income which arises in the course of the ordinary activities of an entity is revenue. Gain refers to an increase in equity resulting from transactions or events outside of the entity's ordinary activities. Fees are a specific type of revenue, typically associated with professional services. Profit is the total amount of revenue minus expenses, and is not specifically used to describe income within the ordinary activities of an entity.

The Term Used in the Framework for the Preparation and Presentation