Financial State...

Donation received by 'Shekhawati Sports Club' for conducting a tournament should be shown in _____________.

______ is/are example(s) of non-operating income.

Loss on sale of asset is ____________ while calculating operating profit from net profit.

The financial position of the business is ascertained on the basis of _________ .

Select the most appropriate alternative from those given below:
Trading A/c is prepared on the basis of ________ expenses and incomes.

While calculating Operating profit the incomes and expenses of purely ____________ nature are not taken into account.

Income derived from, normal operation of the business is called ________.

Current liabilities do not include _______________.

A trade discount is calculated by ___________.

Cost of goods sold is calculated from the following equation______.