Classify each item listed in column A into (a) Operating Revenue (b) Non-Operating Revenue (c) Cost of
Question:
Classify each item listed in column A into
(a) Operating Revenue
(b) Non-Operating Revenue
(c) Cost of goods sold
(d) Selling and distribution expense
(e) General Administrative expense
(f) Appropriation of profit and
(g) Financial expense
(h) not related to Profit and Loss Account, by appropriately marking them in column B. Assume that the information relates to a small manufacturing firm.
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A B Raw material consumed c Cost of goods sold Interest received b NonOperating Revenue Dividends re...View the full answer
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Related Book For 
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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