Practicing Success
Interest on loans given by a financial company as per Schedule III of the Companies Act 2013 is: |
Revenue from Operations Other Income Sundry Expenses None of these |
Revenue from Operations |
As per Schedule III of the Companies Act 2013, in respect to a finance company, revenue from operation shall include revenue from interest, dividend and income from other financial services. It may be noted that each of the above heads shall be disclosed separately by way of notes to accounts to the extent applicable. |