accounting question please help?

0 ⤊

accounting question please help?

Revenues is the difference between cash receipts and cash payments. it is true or false?

please answer only if you are 100% sure thanks.

2007-10-11 10:14:52 · 2 answers · asked by dark_armies 2 in Business & Finance ➔ Other - Business & Finance

2 answers

False. Revenues are your sales. Revenue minus cost of goods sold minus operating expenses = profit. These items may be transacted in cash or they may be on credit (on account).

2007-10-11 15:47:51 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

false.

2007-10-11 17:23:21 · answer #2 · answered by apathycat 3 · 0⤊ 0⤋