Arrange the following in correct order.
(A) Other Income
(B) Total Revenue
(C) Profit before tax
(D) Revenue from operations
(E) Total Expenses
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (D), (A), (B), (E), (C)
The Statement of Profit and Loss under Schedule III starts with revenue, adds other income to get total revenue, then deducts total expenses to arrive at profit.
(D) Revenue from operations — first: item I.
(A) Other Income — second: item II.
(B) Total Revenue — third: item III (I + II).
(E) Total Expenses — fourth: the total of item IV.
(C) Profit before tax — fifth: what is left after the expenses (and exceptional and extraordinary items).
NCERT (2026-27 edition):
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