Interest income in case of a company other than a finance company is Revenue from operations.

True

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False

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Partially true

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None of these

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Solution

The correct option is B
False

False. Interest income in case of a finance company is Revenue from operations.

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Similar questions

Classify the following into (i) Operating Acivities, (ii) Investing Activities, (iii) Financing Activities and (iv) Cash Equivalents while preparing a Cash Flow Statement:
1. Cash Sales
2. Cash Received from Trade Receivables
3. Purchase of Building
4. Sale of Building
5. Issue of Share Capital or Debentures
6. Buy- back of Equity Shares
7. Dividend Paid
8. Interest paid on Debentures or Long - term Loans by (a) Finance Company (b) Non- Finance Company
9. Cash Purchases
10. Cash paid to trade payables
11. Redemption of Debentures and Preference Shares
12. Repayment of Long - term Loan
13. Office Expenses
14. Selling and Distribution Expenses
15. Manufacturing Expenses
16. Purchase of Goodwill
17. Sale of Patent
18. Purchase of Investments
19. Sale of Investments by (a) Finance Company (b) Non- Finance Company
20. Commission and Royalty received
21. Interest received on Investments by (a) Finance company (b) Non Finance company
22. Dividend received on Shares by (a) Finance Company (b) Non - Finance company
23. Rent Paid
24. Rent received if (a) Company's main business is property business (b) Other business
25. Income Tax Paid
26. Income Tax Refund received
27. Bank Balance
28. Short- term Deposits in Bank
29. Investment in Short - term or Marketable Securities

Other Income is a part of revenue from operations.

Compute Revenue from Operations, Other Income and Total Revenue for a Financial company from the following particulars :

Interest on loans given 40,00,000

Fees received for arranging loans 5,00,000

Miscellaneous Income 15,000
Profit on sale of Building 2,00,000

Profit on sale of Investments 1,20,000

Q. The line graph represents the height of 10 students in cm. Answer the questions based on the line graph.

Q. Which of the following statements is true

Managers should ensure the continued survival of the organisation by ensuring that the revenue of the company covers its costs. State true or false.

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Interest income in case of a company other than a finance company is Revenue from operations.

The correct option is B False False. Interest income in case of a finance company is Revenue from operations.

The correct option is B
False

False. Interest income in case of a finance company is Revenue from operations.