Revenues example sentences

We have seen earlier that all ledger accounts are put into five categories namely, assets, liabilities, capital, revenues/gains and expense losses.A profit centre is a segment of an organisation whose manager is responsible for both revenues and costs.Normally, under this system records of cash and personal accounts of debtors and creditors are properly maintained, while the information relating to assets, liabilities, expenses and revenues is partially recorded.This follows from the simple idea that the revenues earned by all the firms put together must be distributed among the factors of production as salaries, wages, profits, interest earnings and rents.It follows from this that the 3 0 Accountancy revenue and expenses incurred to earn these revenues must belong to the same accounting period.It states that expenses incurred in an accounting period should be matched with revenues during that period.The matching concept, thus, implies that all revenues earned during an accounting year, whether received during that year, or not and all costs incurred, whether paid during the year, or not should be taken into account while ascertaining profit or loss for that year.This field is meant to store the string of characters to express the category of account such as Expenses, Revenues, Assets and Liabilities.We may point out that the final expenditure incurred by the government includes both the consumption and investment expenditure (d) the export revenues that firm i earns by selling its goods and services abroad.In Greece, accounting was used for apportioning the revenues received among treasuries, maintaining total receipts, total payments and balance of government financial transactions.The profit and loss account is the accounting report which summarises the revenues and expenses and ascertains the profit/loss for a specified accounting period.For example, if an economy experiences a recession and GDP falls, tax revenues fall because firms and households pay lower taxes when they earn less.Revenue Receipts: Revenue receipts are divided into tax and non-tax revenues.The accounts of expenses losses and gains/revenues are not balanced but are closed by transferring to trading and profit and loss account.Crucially, Packer drove home the lesson that cricket was a marketable game, which could generate huge revenues.