What Is Revenue? - Definition & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the BEST explanation of revenue?

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1. What's the difference between net revenue and gross revenue?

2. On which financial statement is revenue reported?

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About This Quiz & Worksheet

This quiz and worksheet combo will allow you to test your understanding of what revenue is and how it is properly reported. The quiz will also assess your knowledge of types of revenue.

Quiz & Worksheet Goals

These assessment tools will gauge your knowledge of the following:

  • What qualifies as revenue
  • How to report revenue
  • The difference between net revenue and gross revenue

Skills Practiced

Use these tools to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on revenue
  • Distinguishing differences - compare and contrast main topics from the lesson, such as gross revenue and net revenue
  • Knowledge application - use your knowledge to answer questions about the basics of revenue

Additional Learning

To ensure your understanding of the topic, review the accompanying lesson, What is Revenue? - Definition & Concept. The lesson covers the following objectives:

  • Understand the concept of revenue
  • Define net revenue and gross revenue
  • Distinguish between revenue and profit
  • Identify types of income
  • Learn how to break down income
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