Answer / rashmi

revenue means profit
mathematically INCOME-EXPENDITURE = REVENUE

Answer / kalyani

Increase in the assets of an organization or the decrease
in liabilities during an accounting period, primarily from
the organization's operating activities. This may include
sales of products (sales), rendering of services
(revenues), and earnings from interest, dividends, lease
income, and royalties.

2. In Government Accounting, the gross receipts and
receivables from taxes, customs, etc., without
consideration of appropriations and allotments.

Answer / amita sehgal

Revenue is the gross inflow of cash, receivables and other
considerations arising in the course of the ordinary
activities of an enterprise from sale of goods, from the
rendering of services and from the use by other enterprise
resources yielding interest, royalties and dividends.

Answer / pruthvi

revenue simply means what we get profit in a financial year.
it means we can say like this
(revenue=income-expenditure)

Answer / akhtarzeb

Revenue means = excess of income over expenditure
For example Total Expenditures is $ 500
And Revenue is $ 1000
TOATL Revenue is $ 500

Revenue expenditueres are those expenditures the effect of
which is expired with in a one year.

Answer / navjeet singh

REVENUE:

It means the amount received or receivable for selling assets, goods and services.

*It is the amount as a result of operations.

Answer / raj rawat

Revenue means Total Sale( Goods Sale + Service Sale)...
Revenue is Gross Income of a company , not Net Income

Answer / robinson francis

Revnue means earning from it's normal operations. i.e.
sales, lease, depends upon the nature of business

Answer / dhilip raj.b

revenue means income to the company for the financial year,
That is net income-expenditure= income earned.

Answer / ramesh

The income generated from sale of goods or services, or any
other use of capital or assets, associated with the main
operations of an organization before any costs or expenses
are deducted revenue is shown usually as shown usually as
the top item in an income statement from which all charges,
costs and expenses and subtracted to arrive at net income.
also called sales, or turnover.

When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

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what is the journal entry for credit sale and credit purchase?

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