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Revenue
According to Paton and Littleon, "Revenue is the product of the entity which refers to the goods and services created during a specific time span by an enterprise."
Capital and Revenue
One of the objects of accounting is to determine whether the business has earned profit or it has suffered loss. For this purpose, profit and loss account is prepared. Total expenditure incurred by the business is divided in two categories: One portion is charged against revenue while the other is shown in the balance sheet as asset. The former is known as revenue expenditure and the latter as capital expenditure. While preparing the final accounts, all revenue items are included in the revenue account i.e., manufacturing, trading and profit and loss account and all capital items in the balance sheet. Any error committed in distinguishing between 'Capital' and 'Revenue' will affect the ascertainment of profit.

Other american accounting association Related Articles

The Passionate Organization
Book Review -- Igniting the Fire of Employee Commitment by James R. Lucas; AMACOM, American Management Association, 1601 Broadway, New York, NY 10019; May 1999; 240 pages
Book Review -- Persuasive Business Proposals
Persuasive Business Proposals: Writing to Win More Customers, Clients and Contracts – Tom Sant, AMACOM (American Management Association), www.amacom.com, January 2004, ISBN-10 – 0814471536, 224 pages, $17.95
Book Review -- Brain Tattoos
Brain Tattoos: Creating Unique Brands That Stick in Your Customers’ Minds – Karen Post, AMACOM (American Management Association) www.amacom.com, November 2004, ISBN-10 – 0814472346, 187 pages, $17.95
Book Review -- The Qualcomm Equation
The Qualcomm Equation: How a Fledgling Company Forged a New Path to Big Profits and Market – Dave Mock, AMACOM (American Management Association), www.amacom.com, March, 2005, 266 pages, $25.00
Persuasive Business Proposals: Writing to Win More Customers, Clients and Contracts
Book review -- Persuasive Business Proposals: Writing to Win More Customers, Clients and Contracts – Tom Sant, AMACOM (American Management Association), www.amacom.com, January 2004, ISBN-10 – 0814471536, 224 pages, $17.95

The Qualcomm Equation: How a Fledgling Company Forged a New Path to Big Profits and Market
Book review -- The Qualcomm Equation: How a Fledgling Company Forged a New Path to Big Profits and Market – Dave Mock, AMACOM (American Management Association), www.amacom.com, March, 2005, 266 pages, $25.00

Own a Pet Care Franchise
According to the 2007-2008 National Pet Owners Survey conducted by the American Pet Products Manufacturers Association, Inc., 63% of U.S. households own a pet, which equates to 71.1 millions homes. In 2006, 63% of U.S. households owned a pet as compared to 56% in 1988.
The Clinical Proof of the Power of Suggestion
The American Medical Association and US Food and Drug Administration acknowledge the effectiveness of "suggestion" in all medical treatments.
AHA Redux: A Matter of Leadership!
I began my remarks to the American Hospital Association last week with an outline of the situation as I saw it. I called the outline "Principal Management & Leadership (as opposed to Policy) Issues."

Home-based Business Idea: Mobile Pet Grooming Service
According to American Veterinary Medical Association, more than 58 million households have either cats or dogs as their pets, which makes a home-based business in pet grooming a profitable venture. Start by defining your niche.
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