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
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- abc.
a) Sale of products- Revenue from operations
b) Sale of services- Revenue from operations
c) Other operating revenues- Revenue from operations
d) Rent received-Other income
e) Dividend income-Other income
For a company other than finance company, 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.