ENTREPRENEURSHIP

Detailed explanation-1: -Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations.

Detailed explanation-2: -Revenue is money brought into a company by its business activities. There are different ways to calculate revenue, depending on the accounting method employed. Accrual accounting will include sales made on credit as revenue for goods or services delivered to the customer.

Detailed explanation-3: -Also referred to as “net income” or “net profit, ‘’ income is the total amount of earnings a company makes minus expenses. It is calculated by subtracting the costs of doing business, such as depreciation, interest, taxes, and other expenses from revenue.

Detailed explanation-4: -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.

Detailed explanation-5: -The money that is brought by the business activities of a company is known as revenue. Depending on the methods employed by the company, revenue could be calculated in different ways. The sales of goods and services made on credit to the customer will be included in accrual accounting.