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What do you mean by revenue

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What do you mean by revenue

    • Posted by Surbhi Nehra 5 years, 5 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Balu Dharsan 5 years, 5 months ago

    Accounting provides information on

    0Thank You

    Gaurav Seth 5 years, 5 months ago

    The money income which a producer gets from the sale of his product is known as revenue of the firm. It is also called sale proceeds of the firm.

    Revenue of a firm are its money receipts consequent upon the sale of its product.

    The concept of revenue should not be confused with the concept of profit. Profit of a firm is estimated as the difference between revenue and cost related to the production of a commodity (Profit = Revenue – Cost).

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