Where it sits
Income statement for a period; closes into equity.
Framework: General double-entry bookkeeping with U.S. GAAP financial-statement context where stated.
Aliases: sales revenue.
Performance account · General double-entry bookkeeping with U.S. GAAP financial-statement context where stated
Revenue
Revenue is not the same as cash collected, especially when sales are made on credit.
Closest contrast
Revenue is not the same as cash collected, especially when sales are made on credit.
This distinction is part of the concept record, not a generic FAQ copied across terms.
Balanced entry or boundary
This concept is not a journal entry by itself. It classifies a resource, obligation, statement, system or control report. Use the linked transaction to see it in a balanced entry.
Learning path
Prerequisites
Dependents
income statementAccounts receivable
Follow the term through a real event
The $1,200 credit-sale walkthrough shows source documents, balanced entries, ledger movement and statement effects. The same fictional facts are reused so numbers do not drift between pages.
Open the transaction lab