Question

explain revenue and expenses?​

Answer 1

Answer:

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Rather, revenue is the term used to describe income earned through the provision of a business' primary goods or services, while expense is the term for a cost incurred in the process of producing or offering a primary business operation. ... Of the four terms being considered, expenses are the most diverse.

Answer 2

Answer:

Gains & Losses vs. Revenue & Expenses: An Overview

Explanation:

Most companies report such items as revenues, gains, expenses, and losses on their income statements. Though some of the terms will sound similar, there are different practical uses for gains and losses, as well as for revenues and expenses.