What is the classification of revenue?
[Back to Top] Footnote *Account codes that are necessary for the NCES reporting are noted with an asterisk (*). What are 4 types of revenue?There are four primary types of revenue streams: transactional, project, service, and recurring.
What are the three types of revenue?Rent revenue. Dividend revenue. Interest revenue. Contra revenue (sales return and sales discount)
Is revenue an asset?For accounting purposes, revenue is recorded on the income statement rather than on the balance sheet with other assets. Revenue is used to invest in other assets, pay off liabilities, and pay dividends to shareholders. Therefore, revenue itself is not an asset.
|