Amount received on sale of old news paper --------receipt

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Amount received on sale of old news paper --------receipt..

Answer / dharmesh sati

It is depend on the business type

If your business is sales of new paper than

Under Revenue & If not than

Should be recored in Other Income

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Amount received on sale of old news paper --------receipt..

Answer / shivarama raju

this should be bases on nature of company
that is
if it is non- porift / service organisatin
its a revenue

if it is a business ompany
income form other sources/ other incomes( which is not rise
due to operations of the company)

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Amount received on sale of old news paper --------receipt..

Answer / manju.mahi8

revenue

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2 No

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