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?

Open in App

Solution

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

Suggest Corrections

Similar questions

Under which head the following items of a non-financial company will be shown :

(i) Sales (ii) Sale of Scrap (iii) Dividend received (iv) Interest earned (v) Profit on sale of fixed asset and (vi) Profit on sale of investments.

Under which head the following items of a financial company will be shown :

(i) Dividend received (ii) Interest earned (iii) Profit on sale of fixed asset and (iv) Profit on sale of investments, and (v) Refund of Income Tax.

Join BYJU'S Learning Program

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