Which of the following statement is true?
A) Revenue is not necessarily cash
B) Cash and revenue are actually the same thing
C) Revenue is what you have in the bank
D) Cash is non-taxable and revenue is not

Question

Quizplus · Accepted Answer

Revenue refers to the amount of money a company earns through its operations, while cash represents the physical currency, bank balances, and other highly liquid assets that a company holds. Revenue may or may not result in cash inflows, as it can include non-cash items such as accounts receivable or inventory. Therefore, revenue is not necessarily cash.

Which of the Following Statement Is True