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Revenue is the amount a company receives from selling goods and or providing services to its customers and clients.
Definition of revenue in accounting. It is typically calculated as follows. There are different ways to calculate revenue. Number of units sold x unit price revenue. In other words revenue is income earned by the company from its business activities.
A company s revenue which is reported on the first line of its income statement is often described as sales or service revenues. Revenue is also known as sales as in the price to sales ratio an alternative to the price to earnings ratio that uses revenue in the denominator. Revenue also called a sale is an increase in equity related to the sale of a product or service that earned income. There are many different types of revenues including product sales consulting fees and other services rent and even.
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