What Is Income from Operations?

Operating income refers to a kind of income obtained by commodity producers and operators in production, operation and management activities. There are broad and narrow senses. Narrow operating income refers to the operating labor income obtained by commodity producers and operators in arranging various micro-economic activities of the enterprise in accordance with the requirements of the commodity economy, improving management and economic benefits. In a broad sense, operating income refers to the income derived from all indirect live labor inputs obtained by production and business operators in production and business activities, including operating labor income, risk income, grade income, and opportunity income. Operating income is related to the realization of the interests and objectives pursued by the producers of commodities. ^[1]

Operating income

Similar corporate income. Institutions exist outside of their normal business activities and their ancillary activities

(1) It is the income obtained from the operating activities of public institutions. Income from professional activities can only be used as

(1) Product (commodity) sales income, that is, the unit's income from sales of stereotypes, bulk products (excluding trial products) and dealer products. This kind of income generally exists in scientific research institutions, and the revenue from selling drugs in hospitals should be included

Institutions should be accurately distinguished according to their characteristics

Set the "Operating Income" account. press

Under income in the income statement, after "other income".