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 | + | [[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]]. |
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| + | The ''Revenue'' can also refer to a group of [[financial account]]s that represent sales. The ''Revenue'' is a subdivision of [[owner's equity]]. As the ''Revenue'' increases, [[owner's equity]] increases, and vice versa. [[Expenses]] and [[Sales Returns and Allowances]] are two most common [[adjusting account]]s for the ''Revenue''. | ||
Revision as of 20:43, 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 can also refer to a group of financial accounts that represent sales. The Revenue is a subdivision of owner's equity. As the Revenue increases, owner's equity increases, and vice versa. Expenses and Sales Returns and Allowances are two most common adjusting accounts for the Revenue.
