Revenue: The amount earned in any business activity is called revenue. When the business sells a product or provides a service to buyer, the buyer will pay some money in exchange. This is revenue to the company. Revenue is the income of the company and shown in statement of profit and loss account. To explain: Meaning of revenue.

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Chapter 1, Problem 20DQ

To determine

Revenue:

The amount earned in any business activity is called revenue. When the business sells a product or provides a service to buyer, the buyer will pay some money in exchange. This is revenue to the company. Revenue is the income of the company and shown in statement of profit and loss account.

To explain: Meaning of revenue.

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