Question 37 Chapter 1 VK Publications Class 12 Part 2

Question 37 Chapter 1 VK Publications Class 12 Part 2 – 2021

Table of Contents

The solution of Question 37 Chapter 1 VK Publications Class 12 Part 2: –

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

37. Under which major heads of the Statement of Profit and Loss of a non-financial manufacturing company, will the following be shown?
(i) Sales
(ii) Loss on sale of Building
(iii) Depreciation on Building
(iv) Salaries and wages
(v) Interest paid on Bank Loan
(vi) Carriage outwards

The solution of Question 37 Chapter 1 VK Publications Class 12 Part 2: –

S.No.	Items	Heading / Sub headings
(i)	Sales	Revenue from Operations
(ii)	Loss on Sale of Building	Other expenses
(iii)	Depreciation On Building	Depreciation and amortization
(iv)	Salaries and Wages	Employees Benefit Expenses
(v)	Interest paid on Bank Laons	Finance Cost
(vi)	Carriage Outwards	Other expenses