Question: What Does The Word Revenue Mean?

What is another word for revenue?

What is another word for revenue?incomeproceedsyieldearningsgaininterestprofitprofitsreceiptsreturn182 more rows.

Is revenue a debit or credit?

Aspects of transactionsKind of accountDebitCreditAssetIncreaseDecreaseLiabilityDecreaseIncreaseIncome/RevenueDecreaseIncreaseExpense/Cost/DividendIncreaseDecrease1 more row

What is revenue in simple words?

Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.

What does the word revenue?

Revenue is money earned by a business, or income received by the government from taxes. Revenue is from a French word meaning “to return or come back,” and dollar returns are always a welcome thing. … Declining advertising revenue will doom your website, no matter how great it is.

How do you calculate revenue?

Revenue (sometimes referred to as sales revenue) is the amount of gross income produced through sales of products or services. A simple way to solve for revenue is by multiplying the number of sales and the sales price or average service price (Revenue = Sales x Average Price of Service or Sales Price).

Is Donation a revenue?

Earned revenue is money that a charity earns for providing goods or services. … For example, fees billed for medical services at a clinic, or sales of tickets at a performing arts center are common types of earned revenue. Donations are gifts made freely without receiving anything in exchange.

Does turnover mean revenue?

Turnover. Revenue refers to the money that a company earns by selling goods and services for a price to its customers. Turnover refers to how many times a company makes or burns through assets. Revenue affects the profitability of the company.

Is revenue gross income?

Gross income is the revenue generated from a business’s sales or an individual’s labor. Net income is the profit made from that revenue when total expenses are taken out. For an individual, gross income is simply what your salary is while net income is what you actually take home in your paycheck.

What is revenue and example?

Gross revenue: Gross revenue, also known as sales or simply revenue, refers to the total amount of money your business makes during a certain period of time by selling your products or services. For example, if you sell a drink for $2 but it only costs you $1 to make that drink, your gross revenue is $2.

Is revenue and net sales the same?

Net sales revenue refers to a company’s total sales revenue in a given fiscal period after subtracting certain items. These items include returns, allowances, and discounts. Net sales revenue is in contrast to gross sales revenue. … Net sales revenue is also called net revenue, net sales, or the top line.

What is revenue and its types?

ADVERTISEMENTS: Revenue Types : Total, Average and Marginal Revenue! The term revenue refers to the income obtained by a firm through the sale of goods at different prices. In the words of Dooley, ‘the revenue of a firm is its sales, receipts or income’.

Is revenue an asset?

What is revenue? Revenue is listed at the top of a company’s income statement. … However, it will report $50 in revenue and $50 as an asset (accounts receivable) on the balance sheet.

Is Accounts Receivable a revenue?

Does accounts receivable count as revenue? Accounts receivable is an asset account, not a revenue account. However, under accrual accounting, you record revenue at the same time that you record an account receivable.

What is the relationship between cost and revenue?

Total revenue is the income a business receives from the sale of all the goods produced. Total profit is determined by subtracting total costs from revenues. Total revenue is determined by multiplying the price received for each unit sold by the number of units sold.

Is revenue the same as income?

Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Income or net income is a company’s total earnings or profit. Both revenue and net income are useful in determining the financial strength of a company, but they are not interchangeable.

Why is revenue so important?

The total revenue figure is important because a business must bring in money to turn a profit. If a company has less revenue, all else being equal, it’s going to make less money. For start-up companies that have yet to turn a profit, revenue can sometimes serve as a gauge of potential profitability in the future.

What is total revenue equal to?

Total revenue is the full amount of total sales of goods and services. It is calculated by multiplying the total amount of goods and services sold by the price of the goods and services.

What is revenue sometimes called?

Revenue is the income earned by a business over a period of time, eg one month. … Revenue is sometimes called sales, sales revenue, total revenue or turnover.