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Revenue means 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 the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at net income. Also called sales, or (in the UK) turnover.
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What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
What type of account is equipment?
Equipment is a long term asset account available for business to generate economic revenue.
How revenue is treated under long-term contract?
Revenue is calculated as per percentage of completion method in long term contracts like construction contracts as first of all total cost and revenue is determined and after that it is allocated to specific fiscal year according to the percentage of completion of contract or project
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
What is the meaning of average revenue and marginal revenue?
what is average revenue?
What is the meaning of revenue expenditure?
Revenue is money and an expenditure is what is spent.
What is the meaning of previous year's revenue?
previous year revenue
What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Which term describes the items above?
revenue
What is main difference between capital budget and revenue budget?
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
What is the meaning of revenue receipt in context of income tax?
A revenue receipt in context with income tax is the time that revenue or income occurred. A revenue receipt can also be a type of proof of revenue, such as a W-2 Form from an employer.
What is meant by the term profit?
the term profit means the profit is made from a proportion of sales revenue.
What is the meaning Firkas?
The sub divisions of taluks is called fikas... State--->District--->Revenue division---->Taluks--->Firkas--->Revenue Villages
How does internal revenue code define long term capital gain?
Which term describes a budget in which expenditures exceed revenue?
budget deficit
