Various Types of Transactions – Part 4, Collection from Other Source of Revenue and Income

As mentioned in my post: Various Types of Transactions - Part 1, Introduction, there were 5 examples of other source of revenue or income highlighted – interest income, dividend income, rental income, proceeds from disposal of assets and compensation received for loss of assets. Please take note that this is not an exhaustive list as there are more types of other source of revenue and income not mentioned. For the purpose of easy understanding and simplicity, I will only discuss these 5 different other source of revenue and income in the following posts:-

• Various Types of Transactions – Part 4a, Collection from Other Source of Revenue and Income (Interest Income)
• Various Types of Transactions – Part 4b, Collection from Other Source of Revenue and Income (Dividend Income)
• Various Types of Transactions – Part 4c, Collection from Other Source of Revenue and Income (Rental Income)
• Various Types of Transactions – Part 4d, Collection from Other Source of Revenue and Income (Proceeds from Disposal of Assets)
• Various Types of Transactions – Part 4e, Collection from Other Source of Revenue and Income (Compensation Received for Loss of Assets)