The income which arises in the course of the regular business transactions of a firm is called as revenue.br /The amount at which the asset is sold is called as selling price
Selling price is the price detemined to sell a product in market . S.P = Cost+ Profit.br /Revenue is the income generated from selling such product . Revenue= No.of Units* Selling Price
The income which arises in the course of the regular business transactions of a firm is called as revenue.br /The amount at which the asset is sold is called as selling price