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Question
The expense side of the statement of profit and loss is majorly further classified into
The expense side of the statement of profit and loss is majorly further classified into
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Solution
The correct option is C seven
The expense side of the statement of profit and loss is majorly further classified into the following seven parts:
(a) Cost of material consumed
(b) Purchases of Stock-in-Trade
(c) Changes in inventories of Finished Goods, Work-in-Progress and Stock-in-trade
(d) Employees Benefit expenses
(e) Finance Cost
(f) Depreciation and Amortisation Expenses
(h) Other Expenses
The expense side of the statement of profit and loss is majorly further classified into the following seven parts:
(a) Cost of material consumed
(b) Purchases of Stock-in-Trade
(c) Changes in inventories of Finished Goods, Work-in-Progress and Stock-in-trade
(d) Employees Benefit expenses
(e) Finance Cost
(f) Depreciation and Amortisation Expenses
(h) Other Expenses
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