Disclosure of cost of materials consumed expense is required only in case of ___

Banking companies

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Manufacturing companies

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Investment companies

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None of these

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Solution

The correct option is B
Manufacturing companies

Disclosure of cost of materials consumed expense is required only in case of manufacturing companies.

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Similar questions

Q. Disclosure of the cost of materials consumed expense is required only in case of the companies.

With the help of the following information obtained from the books of Raj Silk Mills, prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2016 :

$\begin{matrix} Particulars & 31 st March, 2016 & 31 st March, 2015 Revenue from Operations & 300 % of Cost of & 200 % of Cost of Materials Consumed & Materials Consumed Expenses : Cost of Materials Consumed & Rs. 12, 00, 000 & Rs. 10, 00, 000 Other Expenses & 20 % of Cost of & 10 % of Cost of Materials Consumed & Materials Consumed Tax & 50 % & 50 % \end{matrix}$

Q. In financial statements, adequate disclosure is ensured by companies as per the requirements of.
I. Management policies
II. Materiality concept
III. Disclosure concept
IV. Relevant provision of the Companies Act
V. Internal control
Of these statements.

Q. Revenue from operations = Rs 1,00,000
Finance cost = Rs 5,000
Cost of materials consumed = Rs 15,000
Employee benefit expenses = Rs 20,000
Depreciation and Amortisation = Rs 10,000

Find the amount of profit before tax

From the following information prepare a Comparative Statement of Profit & Loss of Victor Ltd. :

$\begin{matrix} 31.03.2017 & 31.03.2016 Rs. & Rs. Revenue from Operations & 18, 00, 000 & 15, 00, 000 Cost of Materials Consumed & 14, 00, 000 & 11, 00, 000 Other Expenses & 12 % of Materials & 10 % of Materials Consumed & Consumed Income Tax & 50 % & 40 % \end{matrix}$

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Disclosure of cost of materials consumed expense is required only in case of ___

The correct option is B Manufacturing companies Disclosure of cost of materials consumed expense is required only in case of manufacturing companies.

The correct option is B
Manufacturing companies

Disclosure of cost of materials consumed expense is required only in case of manufacturing companies.