what is revenue defined
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Revenue means income expecisally when of any organisation a substantial nature
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Revenue is a form of income that is earned by the sale of goods or services. Gross revenue is the revenue earned without subtracting costs and expenses related to the revenue, such as overhead, wages, commissions, costs of production, and taxes. Net revenue is the income left over after you have paid all the costs and expenses related to earning the revenue. Revenue is reported on your income statement.
Revenue is not the equivalent of profit. If the costs of generating the revenue exceed the income earned from the sales, then you have lost money instead of making money. Consequently, your income statement can reflect a loss even if you made millions of dollars of revenue.
Revenue is not the equivalent of profit. If the costs of generating the revenue exceed the income earned from the sales, then you have lost money instead of making money. Consequently, your income statement can reflect a loss even if you made millions of dollars of revenue.
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