Revenues are increases in equity from a company's sales of products and services to customers.

Name: Revenues are increases in equity from a company's sales of products and services to customers.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

Revenues represent the income a company generates from its primary business activities, such as selling goods or providing services to customers. This income increases the company's equity (or net worth) because it represents added value to the business.

Revenues Are Increases in Equity from a Company's Sales of Products