General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.20)

20. 

Which of the following items would not appear in a company's balance sheet?

[A]. Value of stocks of raw materials held
[B]. Total issued capital
[C]. Revenue from sales of the company's products
[D]. Cash held at the bank

Answer: Option C

Explanation:

No answer description available for this question.

Manish said: (Aug 20, 2011)  
As if it is sold on cash it would be in cash head if this is not in cash it would in A/C receviable.

Kiruthika said: (Dec 9, 2011)  
Cash is coming under the the asset side the balance sheet.

Consists of two one is asset another one is liability so the perfect answer is c.

Pooja said: (Dec 29, 2011)  
But revenue is the part of profit so its come in the b/s.

Sid said: (Jun 12, 2012)  
What is stock?

Sanyam said: (Dec 28, 2012)  
Revenue from sale comes under profit and loss account!

Neelam said: (Sep 27, 2013)  
I have no idea about balance sheet pleas anybody tell me.

Balawanth said: (Oct 5, 2013)  
Balance sheet is a companies annual statement which will reveal the total assets and liabilities of the company during the period and the amount must be tallied.

Gyanaranjan Biswal said: (Dec 6, 2013)  
Balance Sheet is a annual Statement of an Organisation which reveal that assets & liabilities of the organisation.

Vishwanath Hm said: (Dec 22, 2013)  
I think revenue from sales is included either in cash in hand or cash at bank and it does not mention in balance sheet separately. It is included in sales book and income and expenditure statement.

Sangeeta said: (May 4, 2014)  
Revenue from sale of the product is already calculated in profit and loss account. So in balance sheet no need to show again.

Anshu said: (Jun 7, 2014)  
What is revenue?

Vinayak said: (Jun 10, 2014)  
It is come under profit & loss a/c because revenue comes from sale of the goods.

Murali said: (Aug 20, 2014)  
Revenue means it is the income that a company receives from its business activities like sales of products or services etc..

Revenue can be to a company or to the government.

Government receives its revenue by imposing taxes and non taxable income as well.

Srikant said: (Sep 18, 2014)  
Revenue from sales of the company's products is so in the Trading and Profit and loss Account for calculating the Profit or loss of a company. Net Profit or Loss is shown on the Balance Sheet of a company.

Siddharth Yadav said: (May 5, 2015)  
But, in balance sheet only subscribed capital comes. So I think answer should be B.

Gaurav said: (Oct 13, 2015)  
This is right, because sales is that part of trading a/c. All sales which have been made where credit or in cash all fall in trading a/c. Then all the expenses is being debited in profit and loss a/c. So revenue from sale do not appear in balance sheet. It will show only debtor of company.

Prakash Manay said: (Jan 14, 2016)  
The sales realizations do not appear in the B/S. The question needs amendment.

Abhishek said: (Jun 29, 2016)  
Can anyone from commerce background explain in detail point wise?

Why option A and D are wrong?

Prakash Manay said: (Jan 10, 2018)  
Balance sheet consists of Items which are either Assets or liabilities (For the Business). Value of Stocks held, Cash held in the Bank are Assets and Total issued and subscibed capital is a liability hence they appear in Balance-Sheet. Revenue from sales of Company's products is income and hence is reflected in Profit & Loss account, where net result of Business Operation for the period (for which financial results have been prepared) based on all income and expenditure during the period.

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