28.10 Comparison of layouts of compact hot strip mills (b-e) with a layout of semi -continuous hot strip mill (a). 28.6 COMPACT HOT STRIP MILLS By definition, the compact hot strip mills are shorter and comprise lesser number of the mill ...
Total Revenues. Sales from products, services, royalties or rental income is considered revenue. Gains from the sales of assets, income tax refunds, forgiven debts or other unusual items may be cash or income, but are not considered revenues. Total revenues less total expenses equals net profit.f the assets are greater than the liabilities, the company has a positive net worth. There isn't any recognized method of total revenue accounting, but total revenues are important in the calculation of both the net income statement and balance sheet.
Deferred revenue (or deferred income) is a liability, such as cash received from a counterpart for goods or services which are to be delivered in a later accounting period, when such income item is earned, the related revenue item is recognized, and the deferred revenue is reduced.hey both determine the accounting period, in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received.