All other expenses not classified under other heads will be classified under ___

Employee benefit expenses

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Changes in inventories

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Depreciation & Amortization

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Other expenses

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Solution

The correct option is D
Other expenses

All other expenses not classified under other heads will be classified under other expenses.

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Similar questions

Prepare a Comparative Statement of Profit & Loss from the following :

$\begin{matrix} 31 - 03 - 2014 & 31 - 03 - 2013 (Rs) & (Rs) Revenue from Operations & 80, 00, 000 & 60, 00, 000 Depreciation and amortization expenses & 3, 00, 000 & 2, 00, 000 Finance Costs (60 % of Revenue from Operations) Other Expenses & 40, 000 & 40, 000 Employee Benefit Expenses & 7, 20, 000 & 6, 00, 000 Other Income & 8, 000 & 10, 000 \end{matrix}$

Non-cash expenses like depreciation, depletion & amortization expense are _______ to net profit before tax under indirect method.

Interest Expense will be classified under :

Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information :

$\begin{matrix} Particulars & 31 - 03 - 2018 & 31 - 03 - 2017 (Rs.) & (Rs.) Revenue from Operations & 8, 00, 000 & 5, 00, 000 Purchase of Stock in Trade & 4, 20, 000 & 2, 40, 000 Changes in Inventories & 80, 000 & 60, 000 {Employee Benefit Expenses}^{*} & 20, 000 & 40, 000 Other Expenses & 40, 000 & 30, 000 Income Tax & 50 % & 40 % \end{matrix}$

* Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.

From the following Statement of Profit and Loss of Yash Ltd. for the year ended 31st March 2016, Compute Operating Ratio :

$\begin{matrix} STATEMENT OF PROFIT AND LOSS f o r t h e y e a r e n d e d 31 s t M a r c h, 2016 \end{matrix} \begin{matrix} P a r t i c u l a r s & N o t e & R s . N o I. & Revenue from Operations(Sales) & 16,00,000 II. & A d d : Other Incomes & 40, 000 III. & Total Revenue I + II & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 16, 40, 000 - --------- - IV. & L e s s : Expenses Purchase of Stock-in-Trade & 9, 60, 000 Changes in Inventories of Stock in Trade & (25, 000) Employee Benefit Expenses & 1, 80, 000 Finance Costs & 46, 000 Depreciation and Amortization Expenses & 40, 000 Other Expenses & 1 & 1, 15, 000 Total Expenses & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 13, 16, 000 - --------- - V & Profit before Tax (I I I - I V) & 3, 24, 000 - -------- - \end{matrix}$

Notes to Accounts :

$\begin{matrix} P a r t i c u l a r s & R s . 1. & Other Expenses : Administrative Expenses & 70, 000 Selling Expenses & 31, 000 Loss on Sale of Machinery & 14, 000 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 15, 000 - -------- - \end{matrix}$

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All other expenses not classified under other heads will be classified under ___

The correct option is D Other expenses All other expenses not classified under other heads will be classified under other expenses.

The correct option is D
Other expenses

All other expenses not classified under other heads will be classified under other expenses.