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what is service revenue in accounting

1Answers
Dante
12/10/2025, 10:31:42 PM

Service revenue is the income a company earns from providing services, such as consulting, repairs, or maintenance, rather than selling physical products. It is a type of operating revenue that appears at the top of a company's income statement. Service revenue is recorded under the accrual basis of accounting, meaning it is recognized when the service is performed, even if the customer hasn't paid yet.

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