Out of the following, identify the items to be shown in the Notes to Accounts on 'Other Expenses' :

(i) Rent for factory

(ii) Internet Expenses

(iii) Carriage Inwards

(iv) Salaries

(v) Leave Encashment Exp

(vi) Commission Allowed;

(vii) Bad Debts written off

(viii) Audit fee

(ix) Depreciation on Computers

(x) Computer Software amortized

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Solution

Items that will be shown in the Notes to Accoutns on 'Other Expenses' are :

(i) Rent for factory

(ii) Internet Expenses

(iii) Carriage Inwards

(vi) Commission Allowed

(vii) Bad Debts written off

(viii) Audit fee

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Similar questions

Identify which of the following items will be shown in the Note to Accounts on Other Expenses? (i) Salaries; (ii) Postage Expenses; (iii) Telephone and Internet Expenses; (iv) Rent for warehouse; (v) Carriage Inwards; (vi) Depreciation on computers; (vii) Computer Software amortised; (viii) Computer Hiring Charges; (ix) Audit fee; (x) Bonus.

Identify which of the following items will be shown in the Notes to Accounts on Employee Benefit Expenses:

(i) Wages

(ii) Salaries

(iii) Office Expenses

(iv) Staff Welfare Expenses

(v) Entertainment Expenses

(vi) Bonus

(vii) Leave Encashment Exp

(viii) Expenses on Employees Stocke Option Scheme.

Q. Classify the following accounts under personal, real or nominal accounts:

(i) Commission Paid	(ii) Commission Received
(iii) Commission Accrued	(iv) Prepaid Salaries
(v) Leasehold Property A/c	(vi) Discount Allowed
(vii) Carriage Inwards A/c	(viii) Life Insurance Corporation of India
(ix) Drawings A/c	(x) Rent Received in Advance
(xi) Debtors	(xii) Sales A/c
(xii) Rent Paid in Advance	(xiv) Bank Overdraft

Q. Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown:

(i) Interest on Loans Given: (ii) Gain (Profit) on Sale of Securities; (iii) Loss on Sale of Fixed Assets; (iv) Interest paid on Deposits; (v) Depreciation on Computers; (vi) Goodwill Written off; (vii) Commission paid for Deposit Mobilisation; and (viii) Repairs Expenses?

Q. Under which line item of the financial statements following items will be shown:
(i) Sales; (ii) Loss on Sale of Vehicle; (iii) Debentures; (iv) Unamortised Loss on Issue of Debentures (to be written off within 12 months of the date of Balance Sheet); (v) Encashable Leave Payable at the Time of Retirement; (vi) Tax Reserve; (vii) Carriage on Purchases of Stock-in-Trade; and (viii) Telephone and Internet Expenses?

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Items that will be shown in the Notes to Accoutns on 'Other Expenses' are : (i) Rent for factory (ii) Internet Expenses (iii) Carriage Inwards (vi) Commission Allowed (vii) Bad Debts written off (viii) Audit fee

Items that will be shown in the Notes to Accoutns on 'Other Expenses' are :

(i) Rent for factory

(ii) Internet Expenses

(iii) Carriage Inwards

(vi) Commission Allowed

(vii) Bad Debts written off

(viii) Audit fee