Revenue

22.07.2013 09:16

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Revenue

1) A word that means income. In the transport context, it is income from passenger fares, on-vehicle advertising, haulage and shipping rates, the sales of airline tickets, etc.

Total revenue/income must be declared for tax purposes, although expenses incurred in achieving that revenue may be declared (ie it is not compulsory!).

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.205 (288 p.)


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