ECONOMICS

Detailed explanation-1: -Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold. It is the top line (or gross income) figure from which costs are subtracted to determine net income. Revenue is also known as sales on the income statement.

Detailed explanation-2: -When comparing revenue vs income you should know that “revenue” refers to the total amount of money a company generates before removing any expenses. “Income”, on the other hand, is equal to revenues minus the costs of doing business, such as depreciation, interest, taxes, and other expenses.

Detailed explanation-3: -Sales revenue is the income received by a company from its sales of goods or the provision of services. In accounting, the terms “sales” and “revenue” can be, and often are, used interchangeably to mean the same thing. It is important to note that revenue does not necessarily mean cash received.

Detailed explanation-4: -Service The provision of the service results in the so-called revenue or commission revenue, and companies that provide a product, the result of which is sales revenue.

Detailed explanation-5: -revenue, in economics, the income that a firm receives from the sale of a good or service to its customers. Related Topics: business organization income.