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).
(E) Revenue from Operation
(C) Other Income
(B) Total Revenue
(D) Expenses
(A) Profit before tax and extra-ordinary item
STATEMENT OF PROFIT AND LOSS
I Revenue from operations
II Other income
III Total Revenue (I+II)
IV Expenses: Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods Work-in-progress and stock-in-trade
Employee benefits expense
Finance costs
Depreciation and amortisation expense
Other expenses
Total expenses
V Profit before extraordinary items and tax (III-IV)
VI Exceptional items
VII Profit before extraordinary items and tax (V-VI)
VIII Extraordinary items
IX Profit before tax (VII-VIII)