2. Objective:
-In this lesson, we will
understand what is
revenue and identify
the mark-up and selling
rice of the product.
3. What is Revenue?
- Revenue is a result
when sales exceed the
cost to produce goods or
render the services. It is
recognize when earned,
whether paid in cash or
charged to the account
of the customer.
4. What Difference
Between Revenue and
Income?
-When comparing revenue vs
income you should know that
“revenue” refers to the total
amount of money a company
generates before removing any
expenses. “Income”, on the
other hand, is equal to revenues
minus the costs of doing
business, such as depreciation,
interest, taxes, and other
expenses.
6. What is Service Income?
-Any income earned by
providing technical,
consulting or other
professional services as a part
of their trade, profession or
business is considered as
service income.
7. What is Sales?
- sales refers to a
company's revenue
earned from the sales
of products or services
(net sales).
8. Examples of Service Income
• subscription service
• monthly rent
• licensing fees or a monthly
retainer
Examples of Sales
• Buying something like
products either from an
online store or the store near
to your house is an example
of a sale.
