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Question 31 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 31 Chapter 1 of +2-B
Question No. 31 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 31 Chapter 1 of +2-B

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

(i) Profit on Sale of Fixed Assets; (ii) Fee Received for Arranging Loans; (iii) Interest on Loans Given; (iv) Profit on Sale of Investments; and (v) Sale of a Miscellaneous item?

The solution of Question 31 Chapter 1 of +2-B: – 

Items

Head
Profit on Sale of Fixed AssetsOther Income
Fee Received for Arranging LoansOther Income
Interest on Loans GivenOther Income
Profit on Sale of InvestmentsOther Income
Sale of a Miscellaneous itemOther Income


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

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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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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