Question: Classify each item listed in column A into (a) Operating Revenue (b) Non-Operating Revenue (c) Cost of goods sold (d) Selling and distribution expense (e)

Classify each item listed in column A into

(a) Operating Revenue

(b) Non-Operating Revenue

(d) Selling and distribution expense

(e) General Administrative expense

(f) Appropriation of profit and

(g) Financial expense

(h) not related to Profit and Loss Account, by appropriately marking them in column B. Assume that the information relates to a small manufacturing firm. A Raw material consumed Interest received Dividends received Wages paid to manufacturing

workers Carriage on goods sold B

A Raw material consumed Interest received Dividends received Wages paid to manufacturing workers Carriage on goods sold B

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