IDNLearn.com is your reliable source for expert answers and community insights. Whether it's a simple query or a complex problem, our community has the answers you need.
When a business gets payment from clients before realizing a profit, unearned income is credited. The account is credited when a company gets payment in cash from clients before realizing a profit. Sales Tax Payable Unearned Revenue Accounts Payable Accounts Receivable.
The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Profit refers to net income after deducting expenses from earnings, whereas revenue refers to income gained through business operations.
The fundamental definition of revenue is the total amount of money received by an organization's operations over a set period of time. A company's revenue is its gross income before any expenses are subtracted. Profits and total earnings are used to describe revenue, which is the financial gain from sales and/or rendered services.
To learn more about revenue refer to:
https://brainly.com/question/16232387
#SPJ4