another term for revenue
The total amount of a company's sales and other sources of income. It is important to note that revenue is distinct from earnings or profits, which takes expenses into account. Obviously, however, high total revenue is desirable for any company. sales revenue. The amount realized from selling goods or services in the normal operations of a company in a specified period. Use 'sales revenue' in a Sentence. They received a lot of sales revenue from their recent sales and their business was booming and going great and everyone was glad. Related Terms. The amount realized from selling goods or services in the normal operations of a company in a specified period. They received a lot of sales revenue from their recent sales and their business was booming and going great and everyone was glad. 19 people found this helpful. the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses. 2. the government department charged with the collection of such income. 3. revenues, the collective items or amounts of income of a person, a state, etc. 4. the return or yield from any kind of property, patent, service, etc.; income. 5. an amount of money regularly coming in. 6. a particular item or source of income. Origin of revenue. Under the accrual basis of accounting, revenues are recorded at the time of delivering the service or the merchandise, even if cash is not received at the time of delivery. Often the term income is used instead of revenues. Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances. Word Origin & History. income c.1300, entrance, arrival, lit. what enters, perhaps a noun use of the late O.E. verb incuman come in, from in (adv.) + cuman to come (see come). Meaning money made through business or labor first recorded 1601. Income tax is from 1799, first introduced in Britain as a war tax, re-introduced 1842; authorized on a national level in U.S. in 1913. the income accruing from taxation to a government during a specified period of time, usually a year. 2. a government department responsible for the collection of government revenue. (as modifier): revenue men. total revenue. the aggregate revenue obtained by a FIRM from the sale of a particular quantity of output, equal to price times quantity. Under conditions of PERFECT COMPETITION, the firm faces a horizontal DEMAND CURVE at the going market price. Loading the player... What is 'Revenue'. 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. In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in Last year, Company X had revenue of $42 million.
Sales or turnover.