Exchange Rate Difference Gain is operating income or not
Rebate & Discount received is operating income or not.
kindly guide
3 Replies
Anand Devare
(85 Points)
Replied 13 October 2019
Firstly Meaning of operating is main business, so operating income and expenses means expenses incurred and income earned in main business. As per my view if exchange rate difference gain is towards main business of company then it's operating income or else it is non operating income. It is same applicable to rebates and discount
Vipul Acharya
(Account Officer)
(652 Points)
Replied 13 October 2019
Incurred During Sale Purchase of Raw Material and Finished Goods
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 13 October 2019
Hi vipulu
both are not an operating income. thos should be shown under other income
both are not an operating income. thos should be shown under other income
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