Accountancy, asked by bala011417, 6 months ago

Write short note on revenue​

Answers

Answered by afiaakhaan786
3

Answer:

Revenue is a form of income that is based upon the sale of goods or services. Gross revenue is revenue earned before deducting the costs of generating the revenue, while net revenue is the revenue earned after deducting the costs of generating the revenue. Revenue is reported in an income statement.

Answered by ananya277868
4

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. ... It is vital for a startup to get positive revenue early.

Explanation:

Revenue is a form of income that is based upon the sale of goods or services. Gross revenue is revenue earned before deducting the costs of generating the revenue, while net revenue is the revenue earned after deducting the costs of generating the revenue. Revenue is reported in an income statement.

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