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Give an example of revenue

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Give an example of revenue

Posted by Kumar Sanjay 7 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 7 years, 1 month ago

Revenue is creation of wealth by the process of doing business. It is the reward for doing business while expense is the sacrifice.
Revenue represents what the company charges its customers for the goods and services it provides. Revenue is generated from production, trade and service.
A manufacturing company generates revenue from production. A merchant generates revenue from trade and service firms such as audit firms advocates etc. earn revenue from service.

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