Operating activities are the primary source of revenues and expenses

Name: Operating activities are the primary source of revenues and expenses
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operating activities refer to the day-to-day business activities that generate revenue and incur expenses, such as sales of goods or services, payment of salaries, and purchase of inventory. Therefore, they are the primary source of revenues and expenses for a company.

Operating Activities Are the Primary Source of Revenues and Expenses