Revenues
An income statement term, referring to the sum of money owed the company for sales of goods and services. Revenues (or "Sales") is ordinarily the top line in the income statement, against which most other costs and expenses are subtracted to calculate income. In Britain, the term turnover is often used in place of revenues.
The term revenues generally means "gross revenues, " that is, revenues before adjustments for customer discounts and allowances. See also net sales revenues.
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