Amount received against sale of goods is revenue and coat of sale of goods is an expense What does - Accountancy - Introduction to Accounting

Question

Amount received against sale of goods is revenue and coat of sale
of goods is an expense What does this mean?

Bhuvnesh Chhabra · Accepted Answer

Dear student
Sales revenue is income which company earns exclusively from sale
of goods and services It is the amount of income from goods and
services before deducting any expenses It is generally calculated
over a consistent period, such as a financial quarter or year It is
the amount which is received Hence it is a revenue
Cost of sales refers to cost calculated on amount of goods which
are sold It includes both direct cost and indirect cost related to
the sales of goods and services It is also called cost of Revenue
hence this is a expense for the firm Regards

Amount received against sale of goods is revenue and coat of sale of goods is an expense. What does this mean?