Arrange the following items of statements of profit and Loss in a sequence.
(A) Total Revenue
(B) Revenue from Operations
(C) Other Income
(D) Expenses
(E) Profit Before Tax
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (B), (C), (A), (D), (E)
Schedule III fixes the vertical form of the Statement of Profit and Loss, in which each line is worked out from the lines above it:
(B) Revenue from Operations — item I, the income from the main business.
(C) Other Income — item II, such as interest or dividend received.
(A) Total Revenue — item III, the sum of I and II.
(D) Expenses — item IV, the total of all expenses.
(E) Profit Before Tax — comes after deducting the expenses (and any exceptional and extraordinary items) from total revenue.
NCERT (2026-27 edition):
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