- What is revenue explain?
- What is the difference between revenue and expenses?
- What is revenue formula?
- Is salary a revenue expenditure?
- What are two types of revenue?
- What is revenue expenditure give example?
- What are 3 types of assets?
- Is salary a capital expenditure?
- Is Revenue same as income?
- Is revenue a debit or credit?
- What are revenue expenses?
- What is an example of a revenue?
- Is revenue an asset?
- What are 3 examples of expenditure?
- What is an example of capital expenditure?
What is revenue explain?
Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise.
It is the top line or gross income figure from which costs are subtracted to determine net income..
What is the difference between revenue and expenses?
Revenues and Expenses Rather, revenue is the term used to describe income earned through the provision of a business’ primary goods or services, while expense is the term for a cost incurred in the process of producing or offering a primary business operation.
What is revenue formula?
A simple way to solve for revenue is by multiplying the number of sales and the sales price or average service price (Revenue = Sales x Average Price of Service or Sales Price).
Is salary a revenue expenditure?
A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. … This is all day-to-day expenses needed to operate a business, such as sales salaries, rent, office supplies, and utilities.
What are two types of revenue?
There are two different categories of revenues. These include operating revenues and non-operating revenues.
What is revenue expenditure give example?
Revenue expenditure refers to those expenditures which are incurred during normal business operation by the company, benefit of which will be received in the same period and the example of which includes rent expenses, utility expenses, salary expenses, insurance expenses, commission expenses, manufacturing expenses, …
What are 3 types of assets?
Different Types of Assets and Liabilities?Assets. Mostly assets are classified based on 3 broad categories, namely – … Current assets or short-term assets. … Fixed assets or long-term assets. … Tangible assets. … Intangible assets. … Operating assets. … Non-operating assets. … Liability.More items…
Is salary a capital expenditure?
Key Takeaways. Capital expenditures (CAPEX) are a company’s major, long-term expenses while operating expenses (OPEX) are a company’s day-to-day expenses. … Examples of OPEX include employee salaries, rent, utilities, property taxes, and cost of goods sold (COGS).
Is Revenue same as income?
Income: An Overview. Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Income, or net income, is a company’s total earnings or profit. …
Is revenue a debit or credit?
Sales revenue is posted as a credit. Increases in revenue accounts are recorded as credits as indicated in Table 1. Cash, an asset account, is debited for the same amount. An asset account is debited when there is an increase.
What are revenue expenses?
Revenue expenditures are short-term expenses used in the current period or typically within one year. Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business, and thus are essentially the same as operating expenses (OPEX).
What is an example of a revenue?
Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. … For example, interest earned by a manufacturer on its investments is a nonoperating revenue. Interest earned by a bank is considered to be part of operating revenues.
Is revenue an asset?
What is revenue? Revenue is listed at the top of a company’s income statement. Revenue is what a company receives from the sale of products, usually adjusted for returns. … However, it will report $50 in revenue and $50 as an asset (accounts receivable) on the balance sheet.
What are 3 examples of expenditure?
Expenditure ExampleS. NoExpenditure TypeExpenditure Classification1Purchase of raw materialsRevenue Expenditure – Direct2Electricity billsRevenue Expenditure – indirect3Advertising expensesRevenue Expenditure – indirect4Direct labor costsRevenue Expenditure – Direct6 more rows
What is an example of capital expenditure?
Capital expenditures are a long-term investment, meaning the assets purchased have a useful life of one year or more. Types of capital expenditures can include purchases of property, equipment, land, computers, furniture, and software.