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  3. distinguish between revenues and estimated revenue

Distinguish between Revenues and Estimated Revenue. Illustrate the budget entry for Estimated Revenue. Use this information...

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Accounting

Distinguish between Revenues and Estimated Revenue. Illustratethe budget entry for Estimated Revenue. Use this information tobook the entry. The city approved the revenue budget for thefollowing. Total Revenue $750,000 (Taxes $500,000 Inter governmentRevenue $125,000, and Licenses and permits of $125,000).

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Revenue is the total amount of income generated by the sale of goods or services related to the companys primary operations It is the amount earned before deducting cost of goods sold and other operating and fixed expenses of the company It is often referred to as    See Answer
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