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Explain the major difference(s) between revenue and gains andexpenses and losses.Please be as detailed...Explain...

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Accounting

Explain the major difference(s) between revenue and gains andexpenses and losses.

Please be as detailed as possible.

Answer & Explanation Solved by verified expert
4.5 Ratings (890 Votes)
Answer Difference between revenue and gain Revenue is the amount earned from a companys main activities such as selling merchandiseproducts or providing services In other words revenue is the term used to describe income    See Answer
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In: AccountingExplain the major difference(s) between revenue and gains andexpenses and losses.Please be as detailed...Explain the major difference(s) between revenue and gains andexpenses and losses.Please be as detailed as possible.

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