GENERAL KNOWLEDGE

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: -Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Revenue, also known as gross sales, is often referred to as the “top line” because it sits at the top of the income statement.

Detailed explanation-3: -Some companies inaccurately use the terms sales and revenue interchangeably. However, while sales are revenue, all revenue doesn’t necessarily derive from sales. For many companies, they are indeed the same. But some companies routinely derive additional revenue from their business operations.

Detailed explanation-4: -Sales revenue is income from products and services before any expenses are deducted. It is usually calculated over a defined period, such as a financial year or quarter. Is Sales Revenue a Profit? No costs or expenses associated with business operations are deducted from sales revenue.

Detailed explanation-5: -Revenue shows how much a company makes from selling goods or services. Revenue, or income, is found on several financial statements and is used by finance professionals to determine profitability.