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How are statistics budgets revenue budgets and operating budgets related?
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Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
What is the difference between total revenue and operating revenue?
Operating revenue is revenue generated from prime activity of business, or the typical activity that is reoccurring in nature. on the other hand Non Operating revenue is the revenue from source that is not related to the typical activity of business. It may include gain from investment (if organization is not itself a financial institution) , gain from property or by selling some asset or gain from currency exchange. Total Revenue is the sum of both Operating revenue and non operating revenue. For example: Abc Co manufacture furniture, the revenue from selling furniture is $50000 and it also sell its one of its property at $45000 that ABS Co bought several years ago for $40000. .. operating revenue---------= $50000 non operating revenue(45000-40000)= $ 5000 total revenue (50000+5000) $ 55000
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is the difference between operating revenue and non operating revenue?
Operating revenue is that revenue which is earned by basic operating activity of business while non operating profit is earned from other activities like purchases of marketable securities etc.
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
Consider that you have a small business. If you have a revenue income of Php50,000 and operating expenses of Php10,000, and interest income 0f Php5,000.00 and interest expense of Php2,000.00, how much is your net operating expense?
Consider that you have a small business. If you have a revenue income of Php50,000 and operating expenses of Php10,000, and interest income 0f Php5,000.00 and interest expense of Php2,000.00, how much is your net operating expense? What can you say about the financial position of your small business. Reason out.
The entry closing the Expense and Revenue Summary is a?
The entry closing the Expense and Revenue Summary is a?
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
What is the difference between total revenue and operating revenue?
Operating revenue is revenue generated from prime activity of business, or the typical activity that is reoccurring in nature. on the other hand Non Operating revenue is the revenue from source that is not related to the typical activity of business. It may include gain from investment (if organization is not itself a financial institution) , gain from property or by selling some asset or gain from currency exchange. Total Revenue is the sum of both Operating revenue and non operating revenue. For example: Abc Co manufacture furniture, the revenue from selling furniture is $50000 and it also sell its one of its property at $45000 that ABS Co bought several years ago for $40000. .. operating revenue---------= $50000 non operating revenue(45000-40000)= $ 5000 total revenue (50000+5000) $ 55000
What accounts are in net income?
Included in net income are the following: 1. All revenue-related accounts, e.g. Sales, service revenue, interest income, rental income, etc. 2. All expense-related accounts, e.g. Purchases, Depreciation, Rental expense, Maintenance expense, Amortization, Utilities expenses, etc. Net income = Revenues - Expenses
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What are the three types of revenue?
The three types of revenue are operating revenue, non-operating revenue, and other revenue. Operating revenue is generated from a company's primary business activities, while non-operating revenue includes income from secondary activities. Other revenue encompasses one-time or irregular income sources.
What is the difference between operating revenue and non operating revenue?
Operating revenue is that revenue which is earned by basic operating activity of business while non operating profit is earned from other activities like purchases of marketable securities etc.
Is net profit and net revenue the same?
Operating revenue is only revenue from basic business operating activities while net revenue is included both operating as well as revenue from non operating activities.
Is depreciation an operating expense?
Depreciation is an operating expense but does not involve any cash flow. like salaries,rent insurance etc it is included in the P/L accounts.It is considered as operating because machinery/equipments or any property diminishes its value day by day.
What kind of expense is rent expense?
Rent expense is a Revenue expense and not a capital expense. It is a revenue expense because it recurs from year to year and is not an expense in purchasing a fixed asset. It is classified as a revenue expense also because it features in the income statement of each year and following the principle of accruals, the accountant must, make the necessary end of period adjustments to make sure that the the amount of rent expense that should have paid is charged against revenue and not just the actual cash paid.
