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Federal Board of Revenue is supreme and thought to be the most powerful federal agency of Pakistan that is responsible for collection of taxes. Inland Revenue is a collection arm of FBR that audits, enforces and collects large share of taxes for Pakistan. FBR's powers are vast, overriding and unique.
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Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
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No, Sparta became most powerful after Athens was defeated in the Peloponnesian War, was stripped of its empire and revenue, and so lost its golden age without the money it mulcted from its empire.
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Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
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It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
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prepaid revenue is debited and revenue is credited
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The three types of revenue are operating revenue, non-operating revenue, and other revenue. Operating revenue is generated from a company's primary business activities, while non-operating revenue includes income from secondary activities. Other revenue encompasses one-time or irregular income sources.
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Other or rent revenue is also revenue which is not from basic operations of business that's why this revenue is shown as other revenue in income statement.
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Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.
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Marginal revenue is the change in total revenue over the change in output or productivity.
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Revenue ministry functions how revenue colloction department work & flow chart
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Revenue bills. They concern both revenue (taxes) and expenditures (appropriations).
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Depends on the nature of the revenue received. Usually unearned revenue, customer advances, contract revenue in advance.
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The revenue received by the govt. of india from all its resouerces is know as Public Revenue.
There are twi types of revenues:-
1) Tax Revenue
2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
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To determine total revenue from marginal revenue in a business setting, you can multiply the marginal revenue by the quantity of goods or services sold. This will give you the total revenue generated from each additional unit sold.
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[Debit] Revenue receivable
[Credit] Accrued revenue
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Revenue is directly proportional to the production. Higher the production, more the revenue would be.
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[Debit] Unearned revenue
[Credit] Sales revenue
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Marginal Revenue =
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To determine marginal revenue from total revenue, you can calculate the change in total revenue when one additional unit is sold. This can be done by finding the derivative of the total revenue function with respect to the quantity of units sold. The resulting value will give you the marginal revenue at a specific quantity level.
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Operating revenue is only revenue from basic business operating activities while net revenue is included both operating as well as revenue from non operating activities.
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To determine the marginal revenue on a graph, you can find the slope of the revenue curve at a specific point. The marginal revenue is the change in total revenue that results from selling one additional unit of a product. It is calculated by finding the derivative of the revenue function.
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Average Revenue:
Total revenue divided by the number of units sold.
Marginal Revenue:
Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold.
Relationship:
They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.
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A revenue receipt in context with income tax is the time that revenue or income occurred. A revenue receipt can also be a type of proof of revenue, such as a W-2 Form from an employer.
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The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
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Gross income could be considered revenue. In business, revenue is received payments. Profit is revenue less expenses and cost of goods sold, if applicable.
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Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
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Unearned revenue converted to earned revenue after it is done and delivered to customer.
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