In order to create an Income statement you will need to be able to calculate the revenue figure which will go at the top. As discussed in our previous post, …
When talking about sales made from a business it is quite common to hear the terms gross and net revenue. In the UK most businesses have to add value added …
A journal entry must be made each time a business makes a sale. This journal may be called a revenue, sales or income journal and the purpose of it is …