Question Details

	Username: PrettyWoman Rating: Asked to: Tom Burke Date Created: 16 Jan 2019
Category	28
Tag	Financial
Question	What is Revenue?

Advice from Guru

Hello PrettyWoman,

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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