Revenues and Expenditures are the words utilized to categorize the items on the Statement of Changes in Fiduciary Net Position.
Revenues are frequently replaced by the word "income." The following are a few examples of revenue accounts: sales, service revenues, fees earned, interest revenue, and interest income. When services are rendered and billed, revenue accounts are credited, and as a result, they typically have credit balances.
The phrase "revenue" refers to all of a company's revenues from its core operations, including the sale of goods or services, the rental of real estate, recurring payments, interest on loans, etc. Revenue figures are made before any costs, such as returns and discounts, are subtracted.
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