As per Schedule III, Sales are classified as___________
A. Revenue from Operations
B. Other Income
C. Revenue from Production
D. Income from Revenue
Answers
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option b
Explanation:
other income. thanks.
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Answer:
A. Revenue from operations
Explanation:
Revenue from operations means revenue which is earned by the business from its primary activities, which are basically sales.
Sales means sale of goods or services made by the business
As per Schedule III of the companies act 2013, sales are to classified as revenue from operations.Profit can be found by deducting cost of goods from revenue from operations
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