Revenue Meaning In Accounting Terms

Definition of revenue revenue is the amount a company receives from selling goods and or providing services to its customers and clients.

Revenue meaning in accounting terms. In accounting revenue is the income or increase in net assets that an entity has from its normal activities in the case of a business usually from the sale of goods and services to customers. Revenue may refer to income in general or it may refer to. Accountants guidebook how to audit. Dictionary of all accounting terms.

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. Hence revenue is the amount. The total rent sales or earnings of a company. With accrual accounting on the other hand revenue is recorded for sales made on credit if the goods or services have been delivered.

Commercial revenue may also be referred to as sales or as turnover some companies receive revenue from interest royalties or other fees. Terms similar to revenue. There are many different types of revenues including product sales consulting fees and other services rent and even commission based fees. A company s revenue which is reported on the first line of its income statement is often described as sales or service revenues.

In other words revenue is income earned by the company from its business activities. Revenue also called a sale is an increase in equity related to the sale of a product or service that earned income. Revenue is also known as sales. Revenue can be divided into a few categories including operating revenue and non operating revenue.