Sales Tax
Sales tax is a consumption-based tax imposed on goods and services at the point of sale. The seller collects it from customers and remits it to the government. Businesses must track and report sales tax separately and comply with jurisdiction-specific rates and filing requirements.
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Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. It’s the…
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…
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