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

Ledger

Under which head following revenue items of a non-financial company will be classified or shown:

(i) Sales;

(ii) Revenue from Services 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
 Sales  Revenue from Operations
 Revenue from services rendered  Revenue from Operations
 Sale of scrap  Revenue from Operations
 Interest earned or Loans  Other Income
 Profit on Sale of Investment  Other Income
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 29 | Page 69
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