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What do you mean by revenue |
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Answer» Accounting provides information on The money income which a producer gets from the sale of his product is known as revenue of the firm. It is also called sale proceeds of the firm.\tRevenue of a firm are its money receipts consequent upon the sale of its product.\tThe concept of revenue should not be confused with the concept of profit. Profit of a firm is estimated as the difference between revenue and cost related to the production of a commodity (Profit = Revenue – Cost). |
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