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Question 52 Chapter 1 VK Publications Class 12 Part 2 - 2021
52. Calculate total revenue operation for the last year ended 31st March,2018 of MNO Finance Ltd. from the following information Miscellaneous Income Rs. 10,000, Interest on Loans Rs. 60,00,000, Dividend Received Rs.2,00,000, Profit on sale of Land Rs. 30,00,000.
Statement of Profit and Loss for the year ended 31st , March 2018 :
| Particulars | Note No. | 31st March 2018Rs. | 31st March 2017Rs. |
|---|---|---|---|
| I. Revenue from Operations | 1 | 62,00,000 | |
| II.Other Incomes | 2 | 30,10,000 | |
| III.Total Revenue from Operations (I+II) | 92,10,000 |
Notes to Accounts:
| Particulars | Rs. | Rs. |
|---|---|---|
| 1. Revenue from Operations: | ||
| Interest on loans | 60,00,000 | |
| Dividend Received | 2,00,000 | 62,00,000 |
| 2. Other Incomes | ||
| Profit on sale of land | 30,00,000 | |
| Miscellaneous incomes | 10,000 | 30,10,000 |
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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 52 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.
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