Revenue-Generating Transaction

A Revenue-Generating Transaction is an economic transaction that results in the receipt of money.

• Context:
  • …
• Example(s):
  • a Sales Transaction from the perspective of a Seller.
  • a Tax Payment from the perspective of a Government Entity.
  • …
• Counter-Example(s):
  • an Expenditure Transaction.
• See: Revenues Bookkeeping Account, Property Tax, Sales, Government Finance Glossary.

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References

2015

• http://www.mass.gov/anf/budget-taxes-and-procurement/state-budget/budget-process/budget-glossary.html#gR
  • QUOTE: Funds received by the Commonwealth from a variety of sources including taxes, federal reimbursements, federal grants, lottery revenue, assessments, motor vehicle license fees and registrations, fees and investment earnings.

• http://finance.vermont.gov/faq/state_glossary#R
  • QUOTE: Revenue - The income attributable to a designated fiscal accounting period that will affect the balance (surplus) or deficit resulting from the operations of that period. Certain items earned during that period are also considered revenue of that period even though the cash is not received until a subsequent period.

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