Revenue defined as gross income and business receipts, distinguishing revenue account from capital for dividend applicability.

Revenue is defined as gross income or receipts-earnings, intake, proceeds or returns-being the incomings of an undertaking produced by or incidental to its normal business operations. The Revenue Account records the result of operations (profit or loss) and is treated as distinct from the capital account for ascertaining business profits; a credit balance in the revenue account is available for dividend appropriation.

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