What are 5 examples of revenue?

What are 5 examples of revenue?

Types of revenue accounts

• Sales.
• Rent revenue.
• Dividend revenue.
• Interest revenue.
• Contra revenue (sales return and sales discount)

What are examples of revenue?

Types of revenue include:

• The sale of goods, products, or merchandise.
• The sale of services, such as consulting.
• Rental income from a commercial property (notice the use of “income”)
• The sale of tickets to a concert.
• Interest income from lending.

What is revenue income with example?

Revenue is the total amount of money the business receives from its customers for its products and services. For individuals, however, “income” generally refers to the total wages, salaries, tips, rents, interest or dividend received for a specific time period. Income = Revenue − Expenses.

How do you calculate revenue example?

Total Revenue = Number of Units Sold X Cost Per Unit For example, if you own a coffee shop and sell coffee and muffins, calculate the total revenue for muffins and the total for coffee and add them together. Total revenue is easy to see when using accounting software.

What are 4 types of revenue?

There are four primary types of revenue streams: transactional, project, service, and recurring….4 types of revenue stream models to earn money

• Transaction. This is the most common stream of revenue for a business. …
• Project. …
• Service. …
• Recurring.

What is my business revenue?

Your annual revenue is the amount of money your company earns from sales over a year; it does not include costs and expenses. To calculate your annual revenue, you multiply the quantity of each product you sold by its sale price, and then add each product’s annual sales to determine your gross annual revenue.