Advertisements
Advertisements
Question
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?
Solution
| ITEMS | HEAD |
| Profit on Sale of Fixed Assets | Other Income |
| Fee Received for Arranging Loans | Other Income |
| Interest on Loans Given | Other Income |
| Profit on Sale of Investments | Other Income |
| Sale of a Miscellaneous item | Other Income |
APPEARS IN
RELATED QUESTIONS
Under which head following revenue items of a non-financial company will be classified or shown:
(i) Sales;
(ii) Revenue from Services Rendered;
(iii) Sale of Scrap;
(iv) Interest Earned on Loans; and
(v) Gain (profit) on Sale of Investments?
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?
Securities Premium Reserve is shown under ______.
In a company’s balance sheet Assets are shown in the order of ________.
A company prepares its Balance Sheet as per ________.
Claim against the company not yet acknowledged as debt, it is a ________.
As which act companies is revised schedule VI.
Assets are divide in to ______.
Reserve and surplus are comes in which head ______.
An example of fixed asset is ______.
The assets held by a business which can be converted in the form of cash, without disturbing the normal operations of a business ______.
The return which the company pays on borrowed funds is termed as ______.
The following is(are) the external source(s) of cash.
Carriage Inward is normally debited to _______.
In Balance Sheet Computer software is shown under the ______.
Those liabilities which may or may not arise as they are dependent on happening in future.
Preliminary expenses include ______.
