Question

24.
Revenue of the business includes ?
1. Cash sales only
2. Credit sales only
3. Credit
purchases only
4. Both cash sales and credit sales​

Answer 1

Answer:

4.

Explanation:

Revenue is the income generated from normal business operations and includes discounts and deducations for returned merchandise.it is the top line or gross income figure from which costs are subtracted to determine net income.Revenue is also known as sales on the income statement.