Other Income is used to:
A) record payments from sales customers.
B) record any revenue from activities other than sales.
C) record all revenue.
D) record owner investments.

Question

Quizplus · Accepted Answer

Other Income refers to revenue generated from non-primary business activities, meaning it does not include payments from sales customers, all revenue, or owner investments. These could be activities such as interest from bank accounts, rental income, or gains from the sale of assets, distinct from the main business operations.

Other Income Is Used To