Question

Revenue from the sale of goods manufactured is shown in the Statement of Profit and Loss as ______

Options

• Revenue from Operations

• Other Income

• Both Revenue from Operations and Other Income

• None of the above

Answer 1

Revenue from the sale of goods manufactured is shown in the Statement of Profit and Loss as Revenue from Operations.

Explanation:

The sale of manufactured goods is an operating activity of the company, and any revenue derived from it is recorded in revenue from operations.