Revenues and Expenses? -Defination

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