Arrange the following items of statement of profit and Loss in a sequence.(A) Total Revenue(B) Revenue from Operations(C) Other Income(D) Expenses(E) Profit Before TaxChoose the correct answer from the options given below:
- A(A), (B), (C), (D), (E)
- B(A), (B), (D), (E), (C)
- C(B), (C), (A), (E), (D)
- D(B), (C), (A), (D), (E)
Solution & Step-by-step Explanation
According to Schedule III of the Companies Act, 2013, the Statement of Profit and Loss elements follow this chronological order:Revenue from Operations (B)Other Income (C)Total Revenue (A) Expenses (D)Profit Before Tax (E) Thus, the correct structural sequence is (B), (C), (A), (D), (E).