Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following is a non-operating income while preparing a cash flow statement? |
Profit on the sale of used plant & machinery in manufacturing company Revenue from sales in a trading concern Premium received by an insurance company Dividend received by an investment company |
| Profit on the sale of used plant & machinery in manufacturing company |
| Manufacturing companies use plant and machinery to produce goods from which they generate revenue, but they do not deal in plant and machinery. So, profit on sale of an asset is a non-operating income. |
