Which of the following best describes revenue?
A)Resources of a company.
B)Sales of goods and services to a customer.
C)Cash received from a customer.

Question

Quizplus · Accepted Answer

Revenue is the income generated by a company from the sales of its goods and services to customers. It is the amount earned by a company from its normal business activities. Resources (choice A) can refer to anything a company has, including assets, people, or technology, but this is not an accurate definition of revenue. Cash (choice C) can be received by a company through means other than revenue, such as loans or investments, and does not necessarily reflect the total revenue earned.

Which of the Following Best Describes Revenue