Question 30 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 30 Chapter 1 of +2-B

Question 30 Chapter 1 of +2-B

30. Which head following revenue items of a financial company will be classified  or shown:

(i) Profit on Sale of Building; (ii) Revenue from Project Consultancy Rendered; (iii) Sale of Scrape; (iv) Interest Earned on Loans; and (v) Gain (profit) on Sale of Investments?

The solution of Question 30 Chapter 1 of +2-B: – 

Items

Head
Profit on Sale of Building Other Income
Revenue from Project Consultancy Rendered Other Income
Sales of scrap Other Income
Interest earned or Loans Revenue from Operations
Profit on Sale of Investment Revenue from Operations


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

2 Book 3 min 225x300 - Question 30 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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