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Question 29 Chapter 1 of +2-B - T.S. Grewal 12 Class

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Question 29 Chapter 1 of +2-B

Revenue from Operation and Other Income

29. 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 Scrape; (iv) Interest Earned on Loans; and (v) Gain (profit) on Sale of Investments?

The solution of Question 29 Chapter 1 of +2-B: -

Items	Head
(i) Sales	Revenue from Operations
(ii) Revenue from Services Rendered	Revenue from Operations
(iii) Sale of Scrape	Revenue from Operations
(iv) Interest Earned on Loans	Other Income
(v) Gain (profit) on Sale of Investments	Other Income