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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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

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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
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