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Question the content area prior to the adjusting process, accrued revenue has b.not been recorded as revenue but cash has been received.
Your annual revenue is the quantity of cash your organization earns from sales over 12 months; it no longer includes fees and charges. To calculate your annual sales, you multiply the quantity of each product you sold by using its sale price and then upload each product's annual income to determine your gross annual revenue.
Revenue is the money a company earns from the sale of its products and services. Coins waft is the internet amount of money being transferred into and out of a company. Sales afford a degree of the effectiveness of an employer's sales and marketing, whereas coins go with the flow as an extra liquidity indicator.
For accounting functions, revenue is recorded on the earnings statement in place of on the stability sheet with other properties. Sales are used to spend money on other belongings, pay off liabilities, and pay dividends to shareholders. Consequently, revenue itself is not an asset.
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