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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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Unearned Revenue is a Liability Account

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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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no, its a revenue

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external revenue

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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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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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it is when the revenue is dividend

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Revenue that is generated internally!

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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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Marginal revenue is the change in total revenue over the change in output or productivity.

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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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[Debit] Revenue receivable

[Credit] Accrued revenue

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[Debit] Unearned revenue

[Credit] Sales revenue

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Revenue is directly proportional to the production. Higher the production, more the revenue would be.

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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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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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It is a source of income/revenue.

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Revenue Commissioners was created in 1923.

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about revenue inspector

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Revenue is income or a credit.

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Revenue is income or a credit.

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Revenue that is generated internally!

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Revenue is properly recognized:

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about revenue inspector

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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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The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.

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  1. Initial receipt of unearned revenue from a customer for service to be provided in the future.
  2. Recognition of the unearned revenue as the service is performed and earned.
  3. Adjustment entry to reflect the portion of unearned revenue that has now been earned.

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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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Revenue system of alauddin khilji is based on the number of revenue and taxation measures.

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A country controlled by a stronger power is known as a protectorate or dependent territory. In this situation, the more powerful nation has significant influence over the policies and affairs of the smaller country.

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