Revenue Income Flashcards
1
Q
Revenue income
A
Income received through its goods and services
2
Q
Cash sales
A
Through over the cou ter transactions
3
Q
Credit sales
A
Through sales using a method of credit
4
Q
Rent received
A
A business rents out a property it owns
5
Q
Interest received
A
Money earned on savings or lending
6
Q
Discount received
A
When a business pays a reduced price for goods and services
