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Amount received on sale of old news paper --------receipt
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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
| Is This Answer Correct ? | 5 Yes | 1 No |
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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