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Under Which Head Following Revenue Items of a Financial Company Will Be Classified Or Shown: - Accountancy

Ledger

Under which head following revenue items of a financial company will be classified or shown:
(i) Gain (Profit) on Sale of Building;

(ii) Revenue from Project Consultancy Rendered;

(iii) Sale of Scrap;

(iv) Interest earned on Loans; and

(v) Gain (Profit) on sale of Investments?

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Solution

ITEMS HEAD
 Profit on Sale of Building  Other Income
 Revenue from Project Consultancy Rendered  Other Income
 Sale of scrap  Other Income
 Interest earned or Loans  Revenue from Operations
 Profit on Sale of Investment  Revenue from Operations
Concept: Types of Financial Statements
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APPEARS IN

TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 1 Financial Statements of a Company
Exercise | Q 30 | Page 70
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