Question

Who paid revenue?

Answer 1

Hint: The income gained from standard business operations, including discounts and deductions for returned products, is referred to as revenue. It is the sum on the top line, or gross income, from which costs are removed to arrive at net income. On the income statement, revenue is also known as sales. It is critical for a startup to generate positive revenue as soon as possible.

Complete answer:
A tax or revenue levied on agricultural production on land is known as land revenue. It is either collected as a percentage of the overall crop or as a monetary value on the land that the farmer must pay. It has historically been an important source of income for civilizations.

Land revenue was identified as the most important source of money for their economic development during the governing period. This land revenue offers additional value to them in the empire due to the wide covered territory and the ideal economic strategy.

Artisans were fleeing villages because they were being forced to sell their wares at low prices to the Company. Peasants couldn't afford to pay the dues that were being demanded of them. Artisanal production was dwindling, and agricultural cultivation was deteriorating.

In 1793, the Company established the Permanent Settlement. The rajas and taluqdars were recognised as zamindars under the conditions of the agreement. They were given the task of collecting rent from the peasants and remitting the money to the Company. The amount to be paid was set in stone, meaning it would not be increased in the future. This was thought to assure a steady stream of cash into the Company's coffers while also encouraging the zamindars to invest in developing the land. Because the state's revenue requirement would not be increased, the zamindar will gain from increased land output.

Agriculture was the economy's mainstay under the Mauryas, however trade was growing increasingly significant. Cultivators appeared to make up the majority of the population, and agricultural taxes were the primary source of revenue.

Tax collections from property or income taxes would most likely be the source of revenue for the federal and local governments. Governments may also profit from the sale of an asset or the interest earned on a bond.

 Note:The money a firm earns through the sale of its products and services is referred to as revenue. The net amount of cash flowing into and out of a business is known as cash flow. Revenue is a measure of a company's sales and marketing effectiveness, whereas cash flow is more of a liquidity indicator.