Revenues
Incomes derived by the business from its normal activities(or activities incidental to to the main activities) are called revenues.Sales proceeds fees, commission,royalty,rent,interest and dividend are some examples of revenues.
Expenses
Amounts spent for services obtained or cost of resources consumed to earn profit are known as expenses.Salaries,rent,printing and stationary , wages and depreciation are some examples of expenses
Incomes derived by the business from its normal activities(or activities incidental to to the main activities) are called revenues.Sales proceeds fees, commission,royalty,rent,interest and dividend are some examples of revenues.
Expenses
Amounts spent for services obtained or cost of resources consumed to earn profit are known as expenses.Salaries,rent,printing and stationary , wages and depreciation are some examples of expenses
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