Revenue use up assets or create liabilities in the course of operating a business.

Revenue is the amounts taken out of the business by the owner appear in a separate account titled Withdrawals or Drawling.

It is known an account which represents the net contribution of the owner in the business.

Revenue is an accrued accounting that is a special form of liability for an expense you have not yet paid.

The increase in owner’s equity created by delivering goods or services to customers is called revenue.