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प्रश्न
Under which head following revenue items of a financial company will be classified or shown:
(i) Gain (Profit) on Sale of Building;
(ii) Revenue from Project Consultancy Rendered;
(iii) Sale of Scrap;
(iv) Interest earned on Loans; and
(v) Gain (Profit) on sale of Investments?
उत्तर
ITEMS | HEAD |
Profit on Sale of Building | Other Income |
Revenue from Project Consultancy Rendered | Other Income |
Sale of scrap | Other Income |
Interest earned or Loans | Revenue from Operations |
Profit on Sale of Investment | Revenue from Operations |
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संबंधित प्रश्न
Long Answer Question
Explain how financial statements are useful to the various parties who are interested in the affairs of an undertaking?
Under which head following revenue items of non-financial company will be classified or shown:
(i) Gain (Profit) on Sale of Fixed Asset;
(ii) Fee Received for Arranging Loans;
(iii) Interest on Loans Given;
(iv) Gain (Profit) on Sale of Investments and
(v) Sale of Miscellaneous Items?
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As which act companies is revised schedule VI.
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Current assets are also referred to as ______.
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Those liabilities which may or may not arise as they are dependent on happening in future.
Preliminary expenses include ______.
Preliminary expenses are shown in the balance sheet.