Revenues, in a proprietorship, are
A) the cost of assets consumed during the period.
B) the gross increases in owner's equity resulting from business activities.
C) the cost of services used during the period.
D) actual or expected cash outflows.

Question

Quizplus · Accepted Answer

Revenues in a proprietorship are the gross increases in owner's equity resulting from business activities, reflecting the income generated from the sale of goods or services before any expenses are subtracted.

Revenues, in a Proprietorship, Are