Question

Which of the following is correct?

1. Net Profit = Revenue from Operations − Cost of Revenue from Operations − Operating Expenses − Non-Operating Expenses + Non-operating Incomes.
2. Net Profit = Revenue from Operations − Operating Cost − Non-operating Expenses + Non-operating Incomes.
3. Net Profit = Operating Profit − Non-operating Expenses + Non-operating Incomes.

Options

• All are correct.

• Only (i) and (iii) are correct.

• Only (ii) and (iii) are correct.

• Only (i) and (ii) are correct.

Answer 1

All are correct.