revenues are a. decreases in liabilities resulting from paying off loans. b. increases in share capital resulting from the owners investing in the business. c. increases in income resulting from selling products or performing services. d. all of the above.

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samanthapapes1928 samanthapapes1928

21-10-2022
Business

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revenues are a. decreases in liabilities resulting from paying off loans. b. increases in share capital resulting from the owners investing in the business. c. increases in income resulting from selling products or performing services. d. all of the above.

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sapanpandit sapanpandit · Answer 1 · 2022-10-25T13:14:46-04:00

Revenues are increases in income brought on by the sale of goods or the provision of services.

Income from the selling of products or services is referred to as revenue.

Liabilities do not diminish as a result of revenues, and revenues do not income raise share capital; equity contributions do.

Revenues is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units income sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.

A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute Revenues. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer.

Learn more about Revenues here

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