Filter by Categories
Accounting
Banking

Accounting




Gross Revenue


Gross revenue (also gross sales) is the monetary amount that an entity earns from sales of products/ services (i.e., its operations or core business) in a period of time. It represents all income from sales in a reporting period, that is presented on the income statement, before accounting for any expenses (or losses) incurred in the process of revenue generation.

A measure of turnover that is calculated before specific items are deducted to arrive at a net figure. In other words, a gross turnover is the total monetary amount attained by an entity, in a given period of time or a reporting period, from the sale of goods and/ or services related to its core business line, prior to any deductions corresponding to costs and expenses incurred in the process of its generation.

It is also known as a gross turnover or income.



ABC
Accounting is the language of business, everywhere, worldwide. It is the means by which virtually every business communicates information about its operations, irrespective of size, scale, objectives, ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*