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What is the meaning of Revenue?
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Answer / rashmi
revenue means profit
mathematically INCOME-EXPENDITURE = REVENUE
| Is This Answer Correct ? | 98 Yes | 36 No |
Answer / kalyani
Increase in the assets of an organization or the decrease
in liabilities during an accounting period, primarily from
the organization's operating activities. This may include
sales of products (sales), rendering of services
(revenues), and earnings from interest, dividends, lease
income, and royalties.
2. In Government Accounting, the gross receipts and
receivables from taxes, customs, etc., without
consideration of appropriations and allotments.
| Is This Answer Correct ? | 80 Yes | 19 No |
Answer / amita sehgal
Revenue is the gross inflow of cash, receivables and other
considerations arising in the course of the ordinary
activities of an enterprise from sale of goods, from the
rendering of services and from the use by other enterprise
resources yielding interest, royalties and dividends.
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / pruthvi
revenue simply means what we get profit in a financial year.
it means we can say like this
(revenue=income-expenditure)
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / akhtarzeb
Revenue means = excess of income over expenditure
For example Total Expenditures is $ 500
And Revenue is $ 1000
TOATL Revenue is $ 500
Revenue expenditueres are those expenditures the effect of
which is expired with in a one year.
| Is This Answer Correct ? | 22 Yes | 19 No |
Answer / navjeet singh
REVENUE:
It means the amount received or receivable for selling assets, goods and services.
*It is the amount as a result of operations.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj rawat
Revenue means Total Sale( Goods Sale + Service Sale)...
Revenue is Gross Income of a company , not Net Income
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / robinson francis
Revnue means earning from it's normal operations. i.e.
sales, lease, depends upon the nature of business
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dhilip raj.b
revenue means income to the company for the financial year,
That is net income-expenditure= income earned.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ramesh
The income generated from sale of goods or services, or any
other use of capital or assets, associated with the main
operations of an organization before any costs or expenses
are deducted revenue is shown usually as shown usually as
the top item in an income statement from which all charges,
costs and expenses and subtracted to arrive at net income.
also called sales, or turnover.
| Is This Answer Correct ? | 0 Yes | 0 No |
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
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