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Revenue: Meaning, Concept and Activities

In this article we will discuss about Revenue:- 1. Meaning of Revenues 2. Concepts of Revenue 3. Activities. Meaning of Revenues: Revenues are earned from the sale of goods or services done by a business entity to the others. The business entity receives or will receive (in future) cash or something else of value. Generally cash is received immediately from [...]

By |2016-06-18T07:01:38+00:00June 18, 2016|Revenue|Comments Off on Revenue: Meaning, Concept and Activities

Gains and Losses: Meaning, Features and Its Recognition

In this article we will discuss about Gains and Losses:- 1. Meaning of Gains and Losses 2. Features of Gains and Losses 3. Recognition. Meaning of Gains and Losses: Gains are defined as increase in net assets other than from revenues or from changes in capital. Gains are increases in equity (net assets) from peripheral or incidental transactions of an [...]

By |2016-06-18T07:01:38+00:00June 18, 2016|Gains|Comments Off on Gains and Losses: Meaning, Features and Its Recognition

Expenses: Meaning, Categories and Its Recognition

In this article we will discuss about Expenses:- 1. Meaning of Expenses 2. Categories of Expenses 3. Recognition. Meaning of Expenses: Expenses are the monetary amount of resources used up or expended by an entity during a period of time to earn revenues. Expenses are essentially cost incurred in the process of earning revenues through the using or consuming of [...]

By |2016-06-18T07:01:38+00:00June 18, 2016|Expenses|Comments Off on Expenses: Meaning, Categories and Its Recognition
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