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?

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Solution

ITEMS HEAD

Sales Revenue from Operations

Revenue from services rendered Revenue from Operations

Sale of scrap Revenue from Operations

Interest earned or Loans Other Income

Profit on Sale of Investment Other Income

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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.

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ITEMS	HEAD
Sales	Revenue from Operations
Revenue from services rendered	Revenue from Operations
Sale of scrap	Revenue from Operations
Interest earned or Loans	Other Income
Profit on Sale of Investment	Other Income