Revenue is the price of goods sold and service rendered during a given accounting period. Earning revenue causes owner equity to increase it is usually receive cash or acquires or sell merchandise to its customer.The accounting equation the liabilities do not change but owner equity increase to match the increase in total assets revenue is the gross increase in owner equity resulting from operation of the business.The revenue various term are used to describe different types of revenue.the revenue earned by a real estate broker might be called sales commission earned or alternatively commission revenue.An other type of revenue is interest earned which mean the amount received as interest on notes receivable bank deposit government bond or other securities.
REVENUES:
sale
fees
commission
markup
other sources of revenue
REVENUES:
sale
fees
commission
markup
other sources of revenue
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