Differences b/w revenue and receipts.

shwetha (CWA learner) (447 Points)

05 September 2011  

plsssss clarify the differences b/w revenue and receipts.

 

In my ICWA book the difference is like this................

 

Receipts .......... are the inflow of money into the business

 

Revenue...............is the aggregate exchange value received for goods and services provided to the customers.

my doubt is............ aggregate exchange itself is the inflow of money into the business na. plssssssss clarify