Revenues and Expenses? -Defination

Define revenues and expenses?

Revenue: Revenues refer to the amount received from the day-to-day activities of the business entity.
Example:

1. Commission received,
2. dividend,
3. Sales

Interest revenue expenses: An expense in accounting is the money spent, or costs incurred, by a business in its effort to generate revenues.
Example:

1. Wages,
2. salaries,
3. commissions,
4. Repairs and maintenance,
5. Rent.

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Introduction to Accounting
Class 11-Accountancy