False. General revenue is the income that a government receives from all sources, including taxes, fees, and investments.
What is revenue?
Revenue is the money earned from normal business activities and is calculated by multiplying the average sales price by the amount of units sold. Net income is calculated by subtracting costs from the power play (or gross income). Revenue is cash brought into a business by its operations. Depending on the accounting rules used, there are various methods for calculating revenue. Accrual accounting will treat credit sales as revenue for goods or services provided to the client. Revenue is recognised although if payment has not yet been did receive under certain rules.
To determine how efficiently the company collects money owed, examine the cash flow statement.
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