Interested to Buy Any Domain ? << Click Here >> for more details...
define the REVENUE
- 2 Answers
- 5027 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / triloksharma71
For a company, this is the total amount of money received
by the company for goods sold or services provided during a
certain time period. It also includes all net sales,
exchange of assets; interest and any other increase in
owner's equity and is calculated before any expenses are
subtracted. Net income can be calculated by subtracting
expenses from revenue. In terms of reporting revenue in a
company's financial statements, different companies
consider revenue to be received, or "recognized", different
ways. For example, revenue could be recognized when a deal
is signed, when the money is received, when the services
are provided, or at other times. There are rules specifying
when revenue should be recognized in different situations
for companies using different accounting methods, such as
cash basis and accrual basis.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
Revenue is the receipt of the business enterprise thru sale
of products and providing service
| Is This Answer Correct ? | 1 Yes | 1 No |
tax on raw material is direct expense or indirect expense
example of SOP
Expand-------MUR
What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?
Expand A C H
I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
whether cash book is a subsidiary book?
The liabilty positions of 1.sole proprietor 2.Partnership 3.Company
what is difference between nominal and real account
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
What is Opening & Closing Entry
what is impairement?
Audit 
