Which of the following best describes revenue?
Which of the following best describes revenue?
Revenue is the total amount of money generated by the sale of goods or services related to the company's primary operations. It is a measure of the economic benefit derived by operating a business. Revenue is often referred to as the "top line" and is crucial for determining a company’s profitability before any expenses are subtracted.
Answer is D.
The answer is c. The economic benefit derived form operating business is Profit not revenue.
An economic benefit is any benefit that we can quantify in terms of the money that it generates. Net income and revenues, for example, are forms of economic benefit. Profit and net cash flow are also economic benefits.
C is correct answer
C should be the correct answer
Not all increment of asset or cash are gained from product selling. For example, purchase of fixed asset is not a revenue gain
Answer is D. Revenue: It defines the economic benefit derived from operating the business
Revenue represents the total amount of money generated by the sale of goods or services related to the company's primary operations. It is often referred to as the "top line" because it is the starting point for calculating net income, which is known as the "bottom line." Revenue is a critical measure of the economic benefit that an organization derives from its regular business activities