Revenue Meaning
Abhishek Selvam O (374 Points)
01 May 2020
Is revenue means gross profit or sales less sales return.
2 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 01 May 2020
It is the fair value consideration received at an arms length transaction between willing and knowledgeable parties.
That means, market selling price received by a seller from a buyer with mutual consent to buy and sell.
It is sales income less returns.
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