Revenue

The income from operating and non-operating activities of a business like sale of goods or services, interest income, etc is known as the revenue for a business. Revenues help to increase the value of assets and decrease the value of liabilities in a business.

Revenue is also known as gross income or sales and excludes the expenses or costs incurred by the business.

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Related Terms

• Realized Gain or Loss
• Retained Earnings
• Reconciliation
• Recurring Journal
• Receivable Turnover Ratio
• Retainer Invoice