Operating versus Non-Operating Revenue
Distinguish between Operating versus Non-Operating Revenue?
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Operating versus Non-Operating Revenue:
Operating revenue is the result from sale of goods. When ABC Co. sells goods and receives $ 150000, then this amount will be operating revenue of ABC Co. however when Non-operating revenue is result from other sources or investments. Assume that, when similar company has invested certain amount in PQ Co. and obtains $ 10000 as dividend therefore this dividend will be termed as non operating revenue.
Write down the essential principles of an internal audit control system?
Elucidate the difference between statutory audit and internal audit?
Write down the importance of internal audit to the organization?
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What are the difference between Business versus Govt. versus NGO revenue versus Professional revenue?
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Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?
Write down the main Objectives of Internal Audit?
How can scope of internal audit aid you?
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