Question 52 Chapter 1 VK Publications Class 12 Part 2 – 2021
Table of Contents
52. Calculate total revenue operation for the last year ended 31st March,2018 of MNO Finance Ltd. from the following information Miscellaneous Income Rs. 10,000, Interest on Loans Rs. 60,00,000, Dividend Received Rs.2,00,000, Profit on sale of Land Rs. 30,00,000.
The solution of Question 52 Chapter 1 VK Publications Class 12 Part 2: –
Statement of Profit and Loss for the year ended 31st , March 2018 :
| Particulars | Note No. | 31st March 2018Rs. | 31st March 2017Rs. |
| I. Revenue from Operations | 1 | 62,00,000 | |
| II.Other Incomes | 2 | 30,10,000 | |
| III.Total Revenue from Operations (I+II) | 92,10,000 |
Notes to Accounts:
| Particulars | Rs. | Rs. |
| 1. Revenue from Operations: | ||
| Interest on loans | 60,00,000 | |
| Dividend Received | 2,00,000 | 62,00,000 |
| 2. Other Incomes | ||
| Profit on sale of land | 30,00,000 | |
| Miscellaneous incomes | 10,000 | 30,10,000 |
Financial Statements of a Company and Its formats
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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