Question

what is revenue deposit?
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Answer 1

Answer:

The Police Department should have no deposit except security and earnest money deposits which should be paid into the treasury as Revenue Deposits. Proceeds of sale or old stores or other Government property should be paid into the treasury for credit to Government account. This is revenue deposite.

Answer 2

Answer: In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover.

deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.

The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.

Deposits are usually the main source of funding for banks.