Profit on sale of investments realized by a manufacturing company is shown in the Statement of Profit and Loss under:

CS Executive · Corporate and Management Accounting · PYQS · December 2023
Profit on sale of investments realized by a manufacturing company is shown in the Statement of Profit and Loss under:
(A) Revenue from operations
(B) Other Income
(C) Extraordinary Items
(D) Exceptional Items

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

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