MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Need for Analysis of Financial Information

Under which h...

Question

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.

Open in App

Solution

Revenue from Operations : Dividend received, Interest earned and Profit on sale of investments.

Other Income : Profit on sale of fixed asset and Refund of Income Tax.

Suggest Corrections

thumbs-up

4

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.

Q. 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?

Q. 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?

Q. 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?

Q. Under which line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:

(i) Sale of Goods; (ii) Revenue from Services Rendered; (iii) Interest Earned; (iv) Gain (Profit) on Sale of Assets; (v) Purchases of Stock-in-Trade; (vi) Salaries and Wages; (vii) Interest paid to Bank; (viii) Carriage Outward?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Analysing Financial Information

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Need for Analysis of Financial Information

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon