Which of the following can have detailed disclosure in notes to accounts?

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

Employee benefit expenses, Changes in inventories and Depreciation & Amortization expenses can have detailed disclosure in notes to accounts.

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Similar questions

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 :

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

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.

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

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.

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Which of the following can have detailed disclosure in notes to accounts?

The correct option is D Other expenses Employee benefit expenses, Changes in inventories and Depreciation & Amortization expenses can have detailed disclosure in notes to accounts.

The correct option is D
Other expenses

Employee benefit expenses, Changes in inventories and Depreciation & Amortization expenses can have detailed disclosure in notes to accounts.