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Question 52 Chapter 1 VK Publications Class 12 Part 2 – 2021

Question no. 52 VK Publications
Question no. 52 VK Publications

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Question 52 Chapter 1 VK Publications Class 12 Part 2 – 2021

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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 :

ParticularsNote No. 31st March 2018Rs. 31st March 2017Rs.
    
I. Revenue from Operations162,00,000 
    
II.Other Incomes230,10,000 
    
III.Total Revenue from Operations (I+II) 92,10,000 

Notes to Accounts:

ParticularsRs. Rs.
1. Revenue from Operations:  
Interest on loans60,00,000 
Dividend Received2,00,00062,00,000
   
2. Other Incomes  
Profit on sale of land30,00,000 
Miscellaneous incomes10,00030,10,000

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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)

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)

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