Revenue can be accrual. Receipt are pure cash based.
It means, I can book a income in my books even if I haven't received the money yet. My receipts will only show the total amounts I have received.
Hope you get the gist.
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Thank you,
Yours sincerely,
Anu, Thakurani's bestie
Asked by Sunil on :Jul. 08, 2015
