Definition (1):
Other revenues and gains refer to a non-operating activities section of the income statement that shows revenues from auxiliary operations and gains unrelated to the company operations. These include the following:
Interest revenue from notes receivable and marketable securities.
Dividend revenue from investments in capital stock.
Rent revenue from subleasing a portion of the store.
Unearned revenues should be classified under this section on the income statement.
Gain from the property, plant, and equipment’s sale.
Definition (2):
Other revenues and gains indicate-“A list of the revenues earned or gains incurred generally net of related expenses, from non-operating transactions.”
Definition (3):
Other revenues and gains mean an income statement’s non-operating activities section showing revenues and gains not related to the chief line of operations of the company.
These revenues and gains are also referred to as non-operating revenues and gains. Because a business earns these revenues from sources outside of its central or main activities. Non-operating revenues are also called peripheral or incidental revenues. Non-operating gains often include the property, plant, and equipment’s disposal for a cash amount, greater than the book value or the carrying amount of the sold asset.