Revenue Definition In Finance

Revenue is the money you collect for providing a product or service.

Revenue definition in finance. Revenue also referred to as sales or income forms the beginning of a company s income statement income statement the income statement is one of a company s core financial statements that shows their profit and loss over a period of time. The profit or loss is determined by taking. Revenue is different from earnings which is what s left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in. From longman dictionary of contemporary english revenue rev e nue ˈrevənjuː nuː awl noun uncountable also revenues plural 1 bb bf money that a business or organization receives over a period of time especially from selling goods or services income advertising revenue strikes have cost 20 million in lost revenues.

It is also known as sales or turnover of the business. Revenue is the value of all sales of goods and services recognized by a company in a period. Revenue is an increase in assets or decrease in liabilities caused by the provision of services or products to customers. The income that a government or.

It is amount of money a company receives it is basically the income received during a specific period of time. In financial accounting an inflow of money usually from sales or services thru business activities is called as revenue. A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key. In other words an income to a business or an organisation is termed as revenue.

A company usually earns revenue by selling goods or services to consumers. It is a quantification of the gross activity generated by a business.