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Revenue/Income . #Revenue #Income

  • Revenue is the gross inflow of cash, receivables or other consideration arising in the course of the ordinary activities of an enterprise from the sale of goods, from the rendering of services, and from the use by others of enterprise resources yielding interest, royalties and dividends.
  • Revenue is measured by the charges made to customers or clients for goods supplied and services rendered to them and by the charges and rewards arising from the use of resources by them.
  • In an agency relationship, the revenue is the amount of commission and not the gross inflow of cash, receivables or other consideration.

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