Want this question answered?
how to monitor and control expenses against budget/
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
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.
Some information that you need to know when building a business is where your revenue will be coming from. You will need to be in control of your revenue and expenses in order to earn a profit.
False, revenue is gain
how to monitor and control expenses against budget/
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
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.
Cost control and reduction is the way that business managers monitor, analyze and cut expenses. The objective is to lessen expenditures.
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
When the money coming in (revenue) is not enough to cover expenses.
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
The cost of revenue is the cost to produce a product. Operating expenses are expenses that have to be paid in order to stay in business like rent, utilities, etc.
Some information that you need to know when building a business is where your revenue will be coming from. You will need to be in control of your revenue and expenses in order to earn a profit.
False, revenue is gain