Revenue Meaning

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374 Points Posted on 01 May 2020
Is revenue means gross profit or sales less sales return.
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On 01 May 2020 at 16:23 Report
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Revenue is the total income generated from sales before any deductions. It's essentially the market selling price agreed upon between a buyer and seller in an arm's length transaction. To calculate revenue, you take the total sales or turnover and subtract any sales returns.

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My grammar is 💯 good I
7306 Points Posted on 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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On 01 May 2020 at 19:53
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Revenue directly meaning Sales/Turnover of the organisation less any returns, if any.
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On 04 May 2020 at 14:18

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