Yes, revenue is the gross increase in equity from a company's earning activities.
All those activities which are directly related to basic business revenue earning activities like sales, purchases etc.
False
revenue accounts increase by credit
yes, revenue is a part of the owner's equity
matching principle
All those activities which are directly related to basic business revenue earning activities like sales, purchases etc.
Incresea of revenue increases the equity only if business earn profit but if rising revenues are also backed by rising expenses and in the end if company earning loss then it will cause in decrease in equity.
earning tax
False
Not on government but on utility companys.
By deducting expenses from revenue, the net earning of the company is ascertained.
Explain how the Housekeeping department contributes towards earning hotel revenue. Write your answer in 10 – 15 sentences.
revenue accounts increase by credit
yes, revenue is a part of the owner's equity
Excise duties The largest revenue earning channel is Customs & Excise Duties in India's perspective.
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.
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue