Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Which of the following is included in revenue from operations in the statement of profit and loss of a manufacturing company?
a) Sale of products
b) Sale of services
c) Other operating revenues
d) Rent received
e) Dividend income

Options:

abcde

cde

abc

cde

Correct Answer:

abc

Explanation:

The items included in the Revenue from operations are:
(i) Sale of products
(ii) Sale of services
(iii) Other operating revenues
But for a finance company, revenue from operations shall include revenue from interest, dividend and income from other financial services.