What Are Other Income & Expenses?

How Many Things Are Include Within Financial Charges?

These represent income from sources other than the normal operations of the Company and may include the following:

  • Income on bank deposits;
  • Interest on loan to customer or 3rd party
  • Rental income from investment property;
  • Dividend on equity investments;
  • Profit on disposal of property, plant, and equipment; and
  • Scrap sales;

Interest on bank deposits and loans to customers and rent from the property are recognized on an accrual basis. Dividend income is recognized when the right to receive dividends is established. Profit on disposal of assets or scrap proceeds is recognized on the occurrence of a transaction

One thought on “What Are Other Income & Expenses?”

  1. rxoc says:

    good article very hopeful

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