Asked by Kelly Bazely on Jun 06, 2024
Verified
Revenue is the same thing as cash.
Revenue
Income earned by a company from its business activities or sales, before any expenses are deducted.
Cash
Currency and coins, along with funds in bank accounts and other forms of immediately available funds.
- Identify the differences between assets that are recorded on the balance sheet and those that are excluded.
Verified Answer
EN
Edzisani NematokaJun 12, 2024
Final Answer :
False
Explanation :
Revenue refers to the total amount of money generated from sales or services before any expenses are subtracted, whereas cash refers to the actual amount of liquid currency available to a business for immediate use.
Learning Objectives
- Identify the differences between assets that are recorded on the balance sheet and those that are excluded.
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