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Cash flows from operating activities include?
All those activities which are directly related to basic business revenue earning activities like sales, purchases etc.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Does earning revenue affect the accounting equationig in it increases owner's equity?
yes, revenue is a part of the owner's equity
Expenses incurred while earning revenue should be reported in the same period that the income is reported?
matching principle
Cash flows from operating activities include?
All those activities which are directly related to basic business revenue earning activities like sales, purchases etc.
Does an increase in revenue always lead to an increase in equity?
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.
Largest single source of the government earning from the tax revenue?
earning tax
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
How do you write a policy on revenue minus expense?
By deducting expenses from revenue, the net earning of the company is ascertained.
Does illegal electrical connection impacts negatively on government revenue explain?
Not on government but on utility companys.
How housekeeping department contributes in earning hotel revenue?
Explain how the Housekeeping department contributes towards earning hotel revenue. Write your answer in 10 – 15 sentences.
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
Does earning revenue affect the accounting equationig in it increases owner's equity?
yes, revenue is a part of the owner's equity
The largest revenue in India is obtained from?
Excise duties The largest revenue earning channel is Customs & Excise Duties in India's perspective.
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.
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.
