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What is/are the difference(s) between revenues and gains?

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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2014/10/10
SREEDEVI SUNILKUMAR
by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

Revenue is the amount earned from a company's main activities such as selling merchandise or providing services.gain results from a peripheral activity, such as selling the old delivery truck. A gain is the amount received that is in excess of the asset's carrying amount (book value). For example, if the company receives $3,000 for the truck, and its carry amount was $600, the company will report a gain of $2,400.

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