Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. It’s the top line of the income statement and reflects the company’s primary income source. Tracking sales revenue is essential for profitability analysis and business performance evaluation.
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Service Revenue
Service revenue is income earned from providing services rather than selling physical goods. It is recognised when the service is…
Segment Reporting
Segment reporting breaks down a company’s financial results by business unit, geography, or product line. It enhances transparency and helps…
Sunk Cost
A sunk cost is a past expense that cannot be recovered and should not affect future decisions. Examples include money…
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