BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

PRINCIPLES AND PRACTICE OF MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All income that a business receives over a period of time.
A
revenue
B
expenses
Explanation: 

Detailed explanation-1: -Revenue is the money your business receives during a certain accounting period. Revenue is also called the top line because it is the first item listed on your small business income statement. You subtract business expenses from revenue to get your company’s bottom line.

Detailed explanation-2: -Annual revenue is the total amount of money your company earns from business operations in a year before any deductions for returns, the cost of goods you sold and expenses. If your business is on a cash basis (most small businesses are), you count annual revenue in the year you receive it.

Detailed explanation-3: -Revenue meaning is the money that is produced by carrying out normal business operations and is calculated by multiplying the average sales price by the number of items sold. It is the total sum of money from which other costs and expenses are subtracted to calculate net income.

Detailed explanation-4: -Revenue is the value of all sales of goods and services recognized by a company in a period. Revenue (also referred to as Sales or Income) forms the beginning of a company’s income statement and is often considered the “Top Line” of a business.

There is 1 question to complete.