Presentation on theme: "Items to be excluded from Cost Sheet"— Presentation transcript:
1Items to be excluded from Cost Sheet Purely Financial ChargesLoss on sale of investment, fixed assets etc.Fines & PenaltiesInterest on debentures, bank loans, fixed deposits, mortgages etc.Damages payable through a court of law.
2II. Purely Financial Incomes Interest received on Bank depositsTransfer fee receivedDiscount, commission receivedRent, Interest, Dividend receivableProfit on sale of investmentsDamages received through a court of law
3III. Appropriation of Profits Writing off Goodwill, Preliminary expenses, Discount on issue of sharesIncome TaxDonationsTransfer to reservesDividend on shares
4III. Abnormal Gains and Losses Abnormal losses of materialsAbnormal idle time of labour