Which of the following items are purely financial incomes —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Which of the following items are purely financial incomes —
(A) Discount on issue of shares
(B) Interest on bank loan
(C) Transfer fees received
(D) Notional interest on capital employed.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Accounting vs Financial Accounting

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