MANAGEMENT

Detailed explanation-1: -Sales revenue is the income a business generates from the sale of goods or services. It’s recognized on the income statement for the month when the product is delivered or the service is fulfilled.

Detailed explanation-2: -Revenue meaning is the total amount of money that is produced by selling the goods or services to the customers. Revenue is shown at the top of the income statement of a company.

Detailed explanation-3: -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.

Detailed explanation-4: -In the revenue recognition process, a company’s revenue is recognized when the product or service is delivered to the customer – not when the payment is made.