List of Revenues / Income In Accounting

 

Revenues or Income is the price of goods sold or services rendered to customers during the accounting period. Revenues must be matched with expenses of that period in which these incurred according to Matching Principle Gaap.

Revenues can be divided into two main types i.e., Direct Revenues and Indirect Revenues.

Here are the lists of Revenues recorded in Income Statement or Trading & Profit And Loss Account for the accounting period.

1. Sales, 2. Operating Revenues / Operating Income, Other Revenues / Other Income

From the above lists, we find out the following Revenues Lists as shown below:

 

(i) Rent Received (ii) Fees Received (iii) Gain on Sale of Fixed Assets (iv) Commission Received

(v) Consulting Fees Received (vi) Discount Received (vii) Accounting Fees Received

 

(viii) Client Revenue Income Earned