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All payments received from clients for services performed and home care products purchased is known as?

1) Revenue
2) Expenses
3) Assets
4) Liabilities

User Foxxero
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1 Answer

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Final answer:

Payments received from clients for services and produc ts are classified as revenue, which is the income a company generates from its business activities. option a is answer

Step-by-step explanation:

The payments received from clients for services performed and home care products purchased are known as revenue. Revenue is the total amount of money that a company receives from its customers for the goods and services it provides.

It differs from other terms such as expenses, which are the costs incurred in the operation of a business; assets, which are valuable resources owned by a company; and liabilities, which are the company's legal financial debts or obligations. option a is answer

User Simsom
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