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In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.
Accounting Ledger This principle is known as revenue recognition Asset Accounts principle. Liability Accounts Equity Accounts Types of Revenues Revenue Accounts Revenues can be classified as operating revenue Expense Accounts and non-operating revenue. Debit Credit Rules Accounting Principles Operating revenues are those that originate from main business operations.