Give an account for the revenue for the Company.
Answers
Answer:
Revenues are the assets earned by a company's operations and business activities. In other words, revenues include the cash or receivables received by a company for the sale of its goods or services. The revenue account is an equity account with a credit balance.
Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances.
Examples of revenue
Government revenue: Refers to the money received from fines/penalties, property and sales taxes, income taxes, corporate payroll contributions, rental fees, intergovernmental transfers and securities sales.
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Answer:
Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances
Explanation: