Salaries, wages and staff welfare expenses etc are shown under ___

Employee benefit expenses

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Changes in inventories

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Cost of materials consumed

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All of these

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Solution

The correct option is A
Employee benefit expenses

Salaries, wages and staff welfare expenses etc are shown under employee benefit expenses.

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Similar questions

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.

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. From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.

Employee Benefit expenses is 10,000;
Cost of revenue from operation = 60,000;
Opening Inventory is 30,000 and
Average Inventory is 20,000.
Calculate Inventory Turnover Ratio

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

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Salaries, wages and staff welfare expenses etc are shown under ___

The correct option is A Employee benefit expenses Salaries, wages and staff welfare expenses etc are shown under employee benefit expenses.

The correct option is A
Employee benefit expenses

Salaries, wages and staff welfare expenses etc are shown under employee benefit expenses.