MANAGEMENT

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 definition says that it is the total amount of money received from carrying out the business operations such as sales. On the income statement, it is also known as sales. It is the top line figure as it is shown first on the income statement of any company.

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.