Revenue Definition Government Quizlet

Revenue is defined as all amounts of money received by a government from external sources i e those originating from outside the government net of refunds and other correcting transactions proceeds.

Revenue definition government quizlet. Revenue is the money generated by the business through its primary operations which usually include sales but isn t limited just to sales. It also usually also includes tax or other revenue adjustments. A theory of government that holds open multiple and competin collection of people who share a common interest and seek to i a large body of people interested in a common issue idea or c. Start studying sales revenue costs and profit.

A congressional process though which program authorizations are revised to achieve required savings. Internal revenue service irs the branch of the u s. Learn vocabulary terms and more with flashcards games and other study tools. Revenue definition the income of a government from taxation excise duties customs or other sources appropriated to the payment of the public expenses.

Sales usually are less than or equal to the revenue but in cases where there are returns and discounts involved the sales can be more than the actual revenue earned. May retain the monarchy in a ceremonial role. A system that requires an employer to automatically deduct income taxes from an employers s paycheck and send it directly to the government.