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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?

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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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