Revenue versus Proceeds

Accounting Equation
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Jeff Zhang
Accountant, China
What's the difference between revenue and proceeds in accounting? In which conditions we use proceeds? Thanks for your advice... (...) Read more? Sign up for free

Student (University), Pakistan

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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