Revenue and expenses examples

mackenzie_thompson

In business, revenue and expenses are two very important terms. Revenue is the total income that a company receives from its normal business activities, while expenses are the costs incurred by the company to generate that revenue. A company's profit is equal to its revenue minus its expenses.There are many different types of revenue and expenses, and it is important for businesses to track both types in order to stay profitable. Some common examples of revenue include sales, interest, and dividends. Common examples of expenses include cost of goods sold, selling, general, and administrative expenses.

kim_shaw

Revenue and expenses are the two main categories that make up a company's income statement. Revenue includes all the money a company brings in from its business activities, while expenses are the costs associated with running the business.

There are many different types of revenue and expenses, but some common examples include:

Revenue:
-Sales of goods or services
-Interest earned on investments
-Rental income

Expenses:
-Cost of goods sold
-Wages and salaries
-Rent
-Utilities
-Insurance

aapo

Revenue and expense are two types of financial statement items. Revenue represents the inflows of cash or other assets to the company, while expenses represent the outflows of cash or other assets from the company.

Examples of revenue include:
-Sales
-Interest income
-Rental income
-Service revenue

Royalties

Examples of expenses include:
-Cost of goods sold
-Selling, general, and administrative expenses
-Depreciation and amortization
-Interest expense
-Income taxes