what is the meaning of revenue definition of revenue with the appropriate terms for best understanding
Answers
Answer:
Income. This can be apt for an organisation, state or the whole country.
Example: The British collected revenue from Indians
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Answer:
Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. Sales Revenue formula. Revenue is also known as sales on the income statement.
Explanation:
Understanding Revenue
Revenue is money brought into a company by its business activities. Revenue is also known as sales, as in the price-to-sales ratio - an alternative to the price-to-earnings ratio that uses revenue in the denominator.
There are different ways to calculate revenue, depending on the accounting method employed. Accrual accounting will include sales made on credit as revenue for goods or services delivered to the customer. It is necessary to check the cash flow statement to assess how efficiently a company collects money owed. Cash accounting, on the other hand, will only count sales as revenue when payment is received. Cash paid to a company is known as a "receipt". It is possible to have receipts without revenue. For example, if the customer paid in advance for a service not yet rendered or undelivered goods, this activity leads to a receipt but not revenue.