Which of the following statements are false? a. Revenue provides only outward flows of cash.
b. Revenue is a subdivision of Assets.
c. Revenue provides an inward flow of cash or accounts receivable.
d. Expenses are part of Total Assets.

a. Revenue provides only outward flows of cash.

b. Revenue is a subdivision of Assets.

d. Expenses are part of Total Assets.

Explanation:

Revenue is the income a business receives from its regular trading activities. It is the money realized from the sale of goods and services to customers. A company may have different sources of revenue such as interests received, sales, or disposal of assets.

Revenue is cash coming to the business or cash inflows.  cash outflows is money leaving the company. Expenses are an example of cash outflows.

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