What is 'Revenue from Operation' in the format of statement of profit and loss ??
Dear Student,
Here is your answer,
Revenue from Operations in Statement of P&L is known as Sales of the companies.
Revenue from operations can be defined as the income generated by an entity from its daily core business operations.
For example: Garment shop will have revenue from operations by selling clothes, a physician derives revenue from the medical services etc.
Regards.
Here is your answer,
Revenue from Operations in Statement of P&L is known as Sales of the companies.
Revenue from operations can be defined as the income generated by an entity from its daily core business operations.
For example: Garment shop will have revenue from operations by selling clothes, a physician derives revenue from the medical services etc.
Regards.