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Interest on Loans given by a financial company is shown in the Statement of Profit and Loss as ______.

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Question

Interest on Loans given by a financial company is shown in the Statement of Profit and Loss as ______.

Options

  • Revenue from Operations 

  • Other Income 

  • Sundry Expenses

  • None of the above

MCQ
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Solution

Interest on Loans given by a financial company is shown in the Statement of Profit and Loss as Revenue from Operations.

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