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Revenue

What is Operating Revenue?
Accounting

What is Operating Revenue?

Operating revenue is the sales associated with the normal daily operations of a business. For example, the meals sold by a restaurant would generate operating…
What is Revenue Recognition?
Accounting

What is Revenue Recognition?

Revenue recognition is the conditions under which an organization can recognize a sale transaction as revenue. The intent of revenue recognition is to do so…
What are Revenue Variances?
Accounting

What are Revenue Variances?

Revenue variances are used to measure the difference between expected and actual sales. This information is needed to determine the success of an organization’s selling…
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