Rev meaning in Banking ?

Answer:

What is Revenue mean?

In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement, revenue is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses).

In general usage, Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue is income received by a charity from donors etc. to further its social purposes.

In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or on International Financial Reporting Standards.

In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading "Revenue" or "Revenues" on an income statement. Revenue account-names describe the type of revenue, such as "Repair service revenue", "Rent revenue earned" or "Sales".

reference

Full Form	Category
Research Expedition Vessel	Academic & Science
The Reverend	Academic & Science
Reverend	Academic & Science
Revenue	Banking
Revlon, Inc.	Business
Remember Every Veteran	Community
Revelation	Community
Recruitment, Engagement, and Volunteerism	Community
Register Educate Vote	Community
Revoluntionizing Educational Visions	Community
Registering Educating And Voting	Community
Respect Esteem And Vitality	Community
Reflection, Evaluation, And Valuation	Community
Recovery Volume	Computing
Revised ; review	Computing
RChain	Cryptocurrency
Revain	Cryptocurrency
Revision File (geoworks)	File Type
Reliable Easy Versatile	General
Relevant Excellent and Visible	General
Reliable Easy and Versatile	General
Range Extended Electric Vehicle	General
Racing Engine Valves	General
Rapid Electric Vehicles	General
Renewable Energy Vehicle	General
Relay Emergency Valve	General
Reference Electric Vehicle	General
Rice Electric Vehicle	General
Rensselaer Electric Vehicle	General
Robotic Enhanced Vehicle	General
Recharge de Vehicules Electriques	General
Regional Electric Vehicle	General
Retrofuture Electric Vehicles	General
Revolutionary Eating Ventures	General
Redlands East Valley	General
Regulator of Expression of Virion	General
Earthquake View	General
Reforming the Energy Vision	Governmental
Robotic Enhanced Vehicles	Governmental
Representative Elementary Volume	Maths
Revolution(s)	Measurement Unit
Room's Eye View	Medical
Rhino-/Enteric Viruses	Medical
Reticuloendotheliosis virus	Medical
Recruits Eye View	Military and Defence
Retaliation of Enemy Vocabulary	Military and Defence
Reversible	Physics Related
Real Estate Visualization	Real Estate
Review	Softwares
Revision	Softwares
Revise	Space Science
Revolution	Space Science
Race Exertion Vehicle	Sports
Race Evolution Vehicle	Sports
Revenge	Sports