Revenue in the statement of profit or loss includes all the income of an entity for an accounting period.

Name: Revenue in the statement of profit or loss includes all the income of an entity for an accounting period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenue in the statement of profit or loss includes only the income generated from the entity's primary business activities, not all income. Other income, such as interest or gains from asset sales, is reported separately.

Revenue in the Statement of Profit or Loss Includes All