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

Question No. 29 Chapter No.1 T.S. Grewal 2 Book Part B min 1024x576 - Question 29 Chapter 1 of +2-B  - T.S. Grewal 12 Class

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

 

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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T.S. Grewal’s Analysis of Financial Statements

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