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Question 37 Chapter 1 VK Publications Class 12 Part 2 - 2021
37. Under which major heads of the Statement of Profit and Loss of a non-financial manufacturing company, will the following be shown?
(i) Sales
(ii) Loss on sale of Building
(iii) Depreciation on Building
(iv) Salaries and wages
(v) Interest paid on Bank Loan
(vi) Carriage outwards
| S.No. | Items | Heading / Sub headings |
| (i) | Sales | Revenue from Operations |
| (ii) | Loss on Sale of Building | Other expenses |
| (iii) | Depreciation On Building | Depreciation and amortization |
| (iv) | Salaries and Wages | Employees Benefit Expenses |
| (v) | Interest paid on Bank Laons | Finance Cost |
| (vi) | Carriage Outwards | Other expenses |
https://tutorstips.com/financial-statements-of-a-company-and-its-formats/#:~:text=Cash%20Flow%20Statment-,Definitions%20of%20Financial%20Statements%20of%20a%20Company%3A,operation%20during%20a%20certain%20period.%E2%80%9D
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 37 Chapter 1 VK Publications Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to V K Publications part 2 class 12.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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