Revenues Flashcards
1
Q
Revenue
A
Amounts earned from services provided or goods sold. The effect of increasing revenue is to increase equity.
2
Q
Income
A
Income = Revenue. Income can refer to money received for providing goods/services or through investments.
3
Q
Sales
A
Amounts charged to customers for merchandise sold (can be cash sales or sales on account).
4
Q
Fees Earned
A
Amounts charged to customers for services provided.
5
Q
Consultancy Fees Earned
A
Amounts charged to customers for consultancy services provided.
6
Q
Turnover
A
In some countries, turnover means sales; it can also refer to the rate at which goods are sold.
7
Q
Capital Income
A
Amount charged for the sale of non-trading assets.
8
Q
Rent Revenue
A
Revenue earned for renting property.
9
Q
Interest Received
A
Amounts received or due from money lent out.
