Give me a example of Revenue Income, pls?
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A revenue expenditure is anything that relates to the day to day running of the business; for example, wages and salaries.
Earned Revenue = The revenue benefits of which have been provided to customers Unearned Revenue = The amount of which is already received but the corresponding benefits or services have not yet been provided. Example: Amount received to provide repair services next month. So when next month services will be provided that unearned revenue become earned revenue.
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Sales department is an example of revenue centre as this department is mainly responsible for collection of revenue and sales of products.
Give me a example of Revenue Income, pls?
Cities get revenue from taxes, primarily property taxes. A tobacco tax would be an example of a non-property tax that raises revenue.
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A revenue expenditure is anything that relates to the day to day running of the business; for example, wages and salaries.
Unearned revenue is income that you get without having to work for it. An example of this would be interest from stocks and bonds, dividend payments, or interest earned on a bank account.
non revenue departments are departments which do not make money, for example the front office of a hotel
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
Hospitals, Intergovermental revenue, welfare.
Not always. There are sources of revenue other than sales. For example, a company with considerable cash assets may have some revenue from interest.
Earned Revenue = The revenue benefits of which have been provided to customers Unearned Revenue = The amount of which is already received but the corresponding benefits or services have not yet been provided. Example: Amount received to provide repair services next month. So when next month services will be provided that unearned revenue become earned revenue.
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