Respuesta :
The cash account is involved in all of the above.
- acquisition and expenditure.
- production and conversion.
- Revenue and collection.
What is revenue?
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." A company's overall earnings or profit are referred to as income or net income. For instance, if a business sells 10 computers for $50,000 each, it may figure out its gross income using the following formula: 50k x 10 = 500k in gross income. Revenue for a business is its gross income before deducting any costs. Revenue is the financial gain from sales and/or provided services and is defined by profits and total earnings.
Revenue = price of goods or services × number of units sold or the number of customers.
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