Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company.

Options:

Sale of products

Interest income

Sale of services

Other operating revenues

Correct Answer:

Interest income

Explanation:

The correct answer is Option 2: Interest income

For a non-finance company, "Revenue from operations" includes the sale of products, sale of services, and other operating revenues. However, interest income is not considered part of operating revenue for such companies; it is shown under "Other Income".