What is Revenue, Revenue : Any adding up to cash or other current assets which does not

What is Revenue

Revenue: Any adding up to cash or other current assets which does not raise any liability or reserve and does not symbolize the reduction or recovery of expenditure (example, reimbursements or abatements). Revenues are a kind of receipt usually derived from taxes, fees, licenses, or investment earnings. The Revenues are deposited into a fund for future appropriation, and are not obtainable for the expenses until appropriated.

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