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Jeff Zhang
Accountant, China
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Revenue versus Proceeds
What's the difference between revenue and proceeds in accounting? In which conditions we use proceeds?
Thanks for your advice...
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gulandam, Pakistan
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Revenue and Proceeds
Revenue is the income received by an organization from all of its activities. If the organization is a country or state, then revenue is from taxes.
Proceeds is money obtained from specific events or activities, such as selling. Proceeds may be 'gross' -- before your expenses -- or 'net' -- after paying your expenses.
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