What a hospitality organisation generates from activities, other than its primary business activity, will be shown in its income statement as _______.

Question

Quizplus · Accepted Answer

Gains are the income which a hospitality organization generates from activities other than its primary business activity, such as sale of non-current assets or other investments. These gains are shown in the income statement as separate line items and are not considered as revenues. Expenses are the costs incurred during the primary business activity. Losses are the negative impact of business activities or events. Revenues are the income generated from the primary business activity.

What a Hospitality Organisation Generates from Activities, Other Than Its