Question

2. Love Doddle is a gifting enterprise of Ms. Dorati. The enterprise generates inflows by
arranging gift hampers for the customer's loved ones. The inflows arises from the sale of
gift hampers Rs 505000 and from bank interest, dividend receipt RS4200. Ms. Dorati is
confused on how to record these inflows. She would like to understand from you about
the concepts Revenue from operation and other income, so that she can record the
information so as to prepare the profit and loss statement of the enterprise. Define, share
examples, and elaborate on your understanding towards the terms Revenue from
Operation and Other Income
(10 Marks)​

Answer 1

Answer:

Also you can add different examples of both the terms.

Answer 2

Answer:

Revenue from operation

It is the revenue which is arises from the business that actually take place . And the owner who take the action to earn revenue

From the data 5,05,000 is the revenue from operation

Other income

Apart from business, the income which is earn from any other investments or any other financial source .

So from the above information ,

The bank interest, dividend received are arises from the investment made which are come under Other sources