Arrange the following in the context of Statement of Profit and Loss.
A. Other income
B. Expenses
C. Total Revenue
D. Revenue from operation
E. Profit before tax and extra-ordinary item
Choose the correct answer from the options given below:
Arrange the following in the context of Statement of Profit and Loss.
A. Other income
B. Expenses
C. Total Revenue
D. Revenue from operation
E. Profit before tax and extra-ordinary item
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
The Statement of Profit and Loss starts with Revenue from operation (D), then adds Other income (A) to get Total Revenue (C), deducts Expenses (B), and finally arrives at Profit before tax and extraordinary items (E).
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