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Definition of revenue revenue is the amount a company receives from selling goods and or providing services to its customers and clients.
Revenue income in accounting definition. Revenue accounts are those accounts that report income of the business and therefore have credit balances. Under the cash basis of accounting revenue is usually recognized when cash is received from the customer following its receipt of goods or services. Hence revenue is the amount. A company s revenue which is reported on the first line of its income statement is often described as sales or service revenues.
Types of revenue accounts. 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. Revenue definition october 06 2019 steven bragg.
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