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

Question 31 Chapter 1 of +2-B

Question 31 Chapter 1 of +2-B

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 Assets Other Income
Fee Received for Arranging Loans Other Income
Interest on Loans Given Other Income
Profit on Sale of Investments Other Income
Sale of a Miscellaneous item 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

2 Book 3 min 225x300 - Question 31 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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