SBROperating Profit

Colleague; before I answer the question(s), I challenge you to define the term - Profit & revenue. What is the rule(s) - profit on disposal; does it goes to income statement or other comprehensive income? Thank you for the questions, and know you'll acquire the knowledge to master the exam. Please continue to share your view - nothing is too small or too big!!!!!!!!

These are some questions we may ask to assist colleagues to build knowledge and competent with the standard(s) of accounting.