Select the correct sequence from the following in the context of Statement of Profit and Loss :
(A) Profit before tax and extra-ordinary item
(B) Total Revenue
(C) Other Income
(D) Expenses
(E) Revenue from Operation
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (E), (C), (B), (D), (A)
The Statement of Profit and Loss under Schedule III runs from revenue down to profit.
(E) Revenue from Operation — item I.
(C) Other Income — item II.
(B) Total Revenue — item III (I + II).
(D) Expenses — item IV.
(A) Profit before tax and extra-ordinary item — item V (III − IV).
NCERT (2026-27 edition):
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