Question Details

	Username: LuckyMan Rating: Asked to: Goro Yang Date Created: 11 Apr 2018
Category	28
Tag	Financial
Question	What is 'Revenue'?

Advice from Guru

Hello LuckyMan,

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.

Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.

Revenue is also known as sales on the income statement.

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