Question 38 Chapter 1 VK Publications Class 12 Part 2

Question 38 Chapter 1 VK Publications Class 12 Part 2 – 2021

Table of Contents

The solution of Question 38 Chapter 1 VK Publications Class 12 Part 2: –

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

38. Under which major heads of the Statement of Profit and Loss of a Financial Company , will the following be shown?
(i) Depreciation on Vehicles
(ii) Sale of Scrap
(iii) Goodwill written off
(iv) Revenue from services rendered
(v) Telephone and Internet charges
(vi) Gratuity Paid

The solution of Question 38 Chapter 1 VK Publications Class 12 Part 2: –

S.No.	Items	Heading / Sub headings
(i)	Depreation on Vehicles	Depreciation and amortization
(ii)	Sale of Scrap	Other Incomes
(iii)	Goodwill Written Off	Depreciation and amortization
(iv)	Revenue from services rendered	Revenue from Operations
(v)	Telephone and Internet charges	Other expenses
(vi)	Gratuity paid	Employees Benefit Expenses