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| 1. |
Give an example of revenue |
| Answer» Revenue is creation of wealth by the process of doing business. It is the reward for doing business while expense is the sacrifice.Revenue represents what the company charges its customers for the goods and services it provides. Revenue is generated from production, trade and service.A manufacturing company generates revenue from\xa0production. A merchant generates revenue from\xa0trade\xa0and service firms such as audit firms advocates etc. earn revenue from\xa0service. | |