Which of the following best defines the term net revenue?
A) The total revenue charged after multiplying total units provided by charge per unit during a specific period
B) The total revenue charged minus any expenses such as salary, rent, and equipment purchased
C) Gross revenue minus any allowances, deductions, and anticipated bad debt that are applied
D) The revenue that varies according to the volume of work produced

Question

Quizplus · Accepted Answer

Net revenue is defined as gross revenue minus any allowances, deductions, and anticipated bad debt. This calculation provides a more accurate representation of the actual revenue expected to be received.

Which of the Following Best Defines the Term Net Revenue