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      Question

      Revenue from operations is primarily generated

      from:
      A Sale of goods and services Correct Answer Incorrect Answer
      B Sale of fixed assets Correct Answer Incorrect Answer
      C Receipt of loans Correct Answer Incorrect Answer
      D Capital introduced by owners Correct Answer Incorrect Answer

      Solution

      Revenue from operations, as per AS 5, refers to the revenue arising from the primary activities of the business, i.e., sale of goods or rendering of services.

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