The number of services provided refers to the total count of services delivered to customers within a specific period, such as a month or a year. The price per service is the amount charged to customers for each service rendered. By multiplying these two variables, businesses can determine their total service revenue for the given...Read More
This will involve debiting (increasing) your cash account and crediting (decreasing) your accounts receivable account. For service-based businesses (e.g., agencies, consulting firms), most or all of the total revenue earned will fall into the “service revenue” category. In terms of real estate investments, revenue refers to the income generated by a property, such as rent...Read More
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