Accounting for IGCSE & O level - Final Statements (Section 3 - No. 19)
In the context of an income statement, what does 'revenue' represent?
The total amount of expenses.
The total amount of goods sold.
The total income generated from sales of goods and services.
The cost of the goods sold.
คำอธิบาย
Revenue represents the total income from sales of goods and services.