aA sale has two aspects: a revenue aspect and an expense aspect. Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and exp...
aA sale has two aspects: a revenue aspect and an expense aspect. Revenue results when the sale is made, whether or not cash is received at that time. The related expense is the cost of the merchandise that was sold. The income of a period is the difference between the revenues and exp...
Gross profit is obtained by subtracting COGS from revenue, while gross margin is gross profit divided by revenue. The higher a company’s COGS, the lower its gross profit. So, COGS is an important concept to grasp. COGS, sometimes called “cost of sales,” is reported on a company...
A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): <br/> A、Journal.<br/> B、Posting.<br/> C、Trial balance.<br/> D、Account.<br/> E、Chart of accounts.
a코스모스 路线莫尔斯[translate] aThe expense or revenue is allocated from the balance-day adjustment account on a monthly basis to the appropriate expense or revenue account. 费用或收支从平衡天调整帐户每月被分配到适当的费用或收入帐户。[translate]...
Revenue includes all income that a company generates. When revenue comes from outside the core business of selling goods or services, it’s considered non-operating income. For example, income generated by interest on savings is considered revenue, but it’s not sales revenue. Sales revenue, ...
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Revenue is the amount a company receives from selling goods and/or providing services to its customers and clients. A company’s revenue, which is reported on the first line of its income statement, is often described as sales or service revenues. Hence, revenue is the amount earned from cus...
This most closely adheres to the matching principle.Not only is a company more likely to record revenue and an expense in the same period, but this method also strives to have both revenue and expense occur when it most closely matches when the customer receives a benefit. ...
(GAAP)requiredouble-entry bookkeeping—where a transaction is entered into the general ledger in two places. Every financial transaction is posted as a credit and a debit. When a business makes a sale, it debits either cash or accounts receivable on thebalance sheetand credits sales revenue on...