Difference between revisions of "Fiscal Revenue"
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| − | [[Fiscal Revenue]] (or, simply, [[revenue]]; hereinafter, the ''Revenue'') is an amount earned by performing services for customers or selling goods to customers; the ''Revenue'' can be in the form of cash or [[accounts receivable]]. The ''Revenue'' is a subdivision of [[owner's equity]]; as the ''Revenue'' increases, [[owner's equity]] increases. [[Expenses]] and [[Sales Returns]] are two most common [[adjusting account]]s for the ''Revenue''. | + | [[Fiscal Revenue]] (or, simply, [[revenue]]; hereinafter, the ''Revenue'') is an amount earned by performing services for customers or selling goods to customers; the ''Revenue'' can be in the form of cash or [[accounts receivable]]. The ''Revenue'' is a subdivision of [[owner's equity]]; as the ''Revenue'' increases, [[owner's equity]] increases. [[Expenses]] and [[Sales Returns and Allowances]] are two most common [[adjusting account]]s for the ''Revenue''. |
Revision as of 20:39, 11 December 2018
Fiscal Revenue (or, simply, revenue; hereinafter, the Revenue) is an amount earned by performing services for customers or selling goods to customers; the Revenue can be in the form of cash or accounts receivable. The Revenue is a subdivision of owner's equity; as the Revenue increases, owner's equity increases. Expenses and Sales Returns and Allowances are two most common adjusting accounts for the Revenue.
