Revenue is the money a company generates through the sale of products and services.
The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue. Commercial revenue is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees.
The overall cost of making and distributing a product or service to consumers is referred to as the cost of revenue. The cost of revenue is disclosed in a company's income statement. It is intended to show the direct costs related with the goods and services offered by the company.
Revenue account types
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