Account Classifications and Examples

Front

Income earned by a business. Examples include sales, interest revenue, and rent revenue.

Back

Account Classification: Revenue

Front

Costs incurred by a business. Examples include electricity, rent, wages, and telephone.

Back

Account Classification: Expenses

Front

Sales, interest revenue, rent revenue.

Back

Examples of Revenue

Front

Refers to the income earned by a business.

Back

Revenue in Business

Front

Selling shoes

Back

Example of Sales Revenue

Front

Revenue from bank savings

Back

Definition of Interest Revenue

Front

Costs incurred by the business

Back

Expense

Front

Expenses relating to selling or distributing the item

Back

Selling & Distribution

Front

Rent paid for the business’s premises

Back

Rent

Front

Debt that was owed to us but won’t be paid

Back

Bad Debts