True or false: Operating activities are the primary sources of revenue and expenses involved in running a business.

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07-02-2022
Business

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True or false: Operating activities are the primary sources of revenue and expenses involved in running a business.

Sagot :

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Ayokenny2001idn Ayokenny2001idn · Answer 1 · 2022-02-11T05:59:50-05:00

It is true that operating activities are the primary sources of revenue and expenses.

What is operating activities?

Operating activities are the primary source of revenues and expenses of a business which ultimately determine whether a company make profit or incurs loss. The amounts a business charges its customers when it provides goods or service is referred to operating activities.

Operating activities involve those activities a business engages for the purpose of making profit.

Operating activities includes:

Investing activities
Financing activities

Hence, operating activities are truly the primary sources of revenue and expenses.

Learn more about operating activities here : https://brainly.com/question/25716101

Sagot :

What is operating activities?

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