The income from operating and non-operating activities of a business like sale of goods or services, interest income, etc is known as the revenue for a business. Revenues help to increase the value of Assets and decrease the value of liabilities in a business.

Revenue is also known as gross income or sales and excludes the Expenses or costs incurred by the business.

  1. Retained Earnings
  2. Reconciliation
  3. Recurring Journal

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