List of Revenues / Income In Accounting
Revenues or Income is t he price of goods sold or services re ndered to customers during t he accou nting period. Revenues must b e matched with expe nses of t hat period i n w hich these i ncurred according to Matc hing Principle Gaap . Revenues can b e divided i nto two main types i.e., Direct Revenues and Indirect Revenues. Here are the lists of Reve nues recorded in Income Statement or Trading & Profit And Loss Account for t he accou nting period. 1. Sales, 2. Operating Revenues / Operating Income, Ot her Reve nues / Ot her I ncome From t he a b ove lists, we fi nd out t he followi ng Revenues Lists as s how n b elow: (i) Re nt 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