Fiscal 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 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.