12th Class Accountancy Financial Statement Of Company Question Bank MCQs - Financial Statements of a Company

  • question_answer
    Calculate revenue from operation from following:
    Sales = Rs. 1,04,00,000
    Sales return = Rs. 4,00,000
    Sales of scrap = Rs. 50,000
    Dividend received = Rs. 20,000
    Interest on fixed deposit = Rs. 60,000

    A) Rs. 1,00,00,000

    B) Rs. 1,01,30,000

    C) Rs. 1,00,80,000

    D) Rs. 1,00,50,000

    Correct Answer: D

    Solution :

    Rs. 1,00,50,000
    Hint: Revenue from Operation:
    Sales = 1,04,00,000
    (-) Sales Return = (4,00,000)
    1,00,00,000
    (+) Sales of Scrap = 50,000
    Rs. 1,00,50,000


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