on 09-07-2007 7:57 AM
Hi Iam new to fi revenue can anybody explain me the concept of revenue in FI
Revenue is income to the co. Once a billing document is posted the inventory a/c is decreassed and the revenue a/c is increased. Revenue is realisation of money spent. So on sales the money spent on manufacturing the product is regenerated back to the co for further investment.
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dear adupa,
Revenue in general incoming money in different way i.e sales revenue, fright revenue, Tax revenue etc..
rewards if it helps
siva
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