Other income
Other income is any revenue other than revenue from sales and service revenue. It appears in a separate section on the income statement. Examples: Rental Income and Storage Fees.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Other income. Any revenue other than revenue from sales and service revenue. It appears in a separate section on the income statement. Examples: Rental Income and Storage Fees.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
