Revenue: Difference between revisions
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imported>Doug Williamson m (Layout.) |
imported>Doug Williamson (Layout.) |
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1. | 1. ''Accounting''. | ||
''Accounting''. | |||
The value of goods and services sold. | The value of goods and services sold. | ||
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2. | 2. ''Government''. | ||
''Government''. | |||
'The Revenue': tax collecting department. | 'The Revenue': tax collecting department. | ||
3. | 3. ''Economics''. | ||
''Economics''. | |||
Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market. | Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market. | ||
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* [[Her Majesty’s Revenue & Customs]] | * [[Her Majesty’s Revenue & Customs]] | ||
* [[Like for like]] | * [[Like for like]] | ||
* [[Recognition]] | |||
* [[Sales]] | * [[Sales]] | ||
* [[Turnover]] | * [[Turnover]] | ||
Revision as of 22:51, 30 December 2020
1. Accounting.
The value of goods and services sold.
Generally the first line in an income statement or profit and loss account, and for this reason sometimes referred to as “the top line”.
Some companies (or other reporting entities) with undiversified businesses use specialised terms for their revenue, for example “Rental Income”.
Used in this sense, the term means the same as Sales or Turnover.
2. Government.
'The Revenue': tax collecting department.
3. Economics.
Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market.
