What are revenues for a business in terms of accounting? - ProProfs Discuss
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What are revenues for a business in terms of accounting?



A. Inflows of assets from selling goods or services
B. Outflows of assets from selling goods or services
C. Outflows and income related statements within a business

This question is part of Accounting Final Exam
Asked by Macbuff, Last updated: Feb 16, 2020

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2 Answers

A.Layla

A.Layla

Answered May 01, 2018

Inflows of assets from selling goods or services.

Sale Revenue is the gross inflow of monetary advantages. It must not be gotten off against costs. Sale is produced through the standard exercises of the business. Livelihoods created through exercises that are not some portion of the center business activities of the business are not named sale revenue but rather are characterized rather as increases. For example, sale revenue of a business whose primary point is to offer bread rolls is pay produced from selling scones. On the off chance that the business offers one of its manufacturing plant machines, wage from the exchange would be delegated a pick up as opposed to sale revenue.

Sale revenue is an expansion in equity amid a bookkeeping period aside from such increments caused by the commitments from proprietors (equity members). Sale revenue must outcome in increment in net assets (equity) of the element, for example, by inflow of money or different assets.

 

macbuff

Macbuff

Answered Sep 11, 2017

Inflows of assets from selling goods or services
 

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