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

  • question_answer
    From the following information calculate other income: Sale of product = Rs. 27,000, Sale of services = Rs. 30,000, Commission received = Rs. 60,000, Excise duty paid = Rs. 1,50,000, Dividend from investment =Rs. 10,000

    A) Rs. 70,000

    B) Rs. 1,27,000

    C) Rs. (23,000) loss

    D) None of these

    Correct Answer: A

    Solution :

    [a] Rs. 70,000
    Hint: Other Income (Rs.)
    Commission received =   60,000
    Dividend from investment =   10,000
         70,000


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