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Which of the following is not included under ‘revenue from operations’ in the statement of profit and loss?
- a)Sale of products
- b)Sale of services
- c)Other operating revenues
- d)Interest income
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is not included under ‘revenue from opera...
Revenue from operations in the statement of profit and loss typically includes income generated from the primary activities of a business.
Explanation:
Sale of products: This refers to the revenue generated from selling goods produced or purchased by the company. It is a key component of revenue from operations as it directly relates to the core business activities.
Sale of services: Revenue from the provision of services is also considered part of revenue from operations. This includes income generated from services rendered by the company, such as consulting, maintenance, or other service-based offerings.
Other operating revenues: This category includes any additional income generated from operating activities that do not fall under the sale of products or services. For example, rental income, commission income, or any other revenue directly related to the core business operations.
Interest income: Interest income is not typically included under revenue from operations as it is considered a non-operating revenue. Interest income is generated from investments or savings and is not directly related to the primary activities of the business.
In conclusion, while revenue from operations includes sales of products, services, and other operating revenues, interest income is not considered part of this category as it is classified as non-operating income in the statement of profit and loss.
Explanation:
Sale of products: This refers to the revenue generated from selling goods produced or purchased by the company. It is a key component of revenue from operations as it directly relates to the core business activities.
Sale of services: Revenue from the provision of services is also considered part of revenue from operations. This includes income generated from services rendered by the company, such as consulting, maintenance, or other service-based offerings.
Other operating revenues: This category includes any additional income generated from operating activities that do not fall under the sale of products or services. For example, rental income, commission income, or any other revenue directly related to the core business operations.
Interest income: Interest income is not typically included under revenue from operations as it is considered a non-operating revenue. Interest income is generated from investments or savings and is not directly related to the primary activities of the business.
In conclusion, while revenue from operations includes sales of products, services, and other operating revenues, interest income is not considered part of this category as it is classified as non-operating income in the statement of profit and loss.
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Community Answer
Which of the following is not included under ‘revenue from opera...
It is included in ‘other incomes’ in the statement of profit and loss.
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Which of the following is not included under ‘revenue from operations’ in the statement of profit and loss?a)Sale of productsb)Sale of servicesc)Other operating revenuesd)Interest incomeCorrect answer is option 'D'. Can you explain this answer?
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