Presentation on theme: "Items to be excluded from Cost Sheet"— Presentation transcript:
1 Items 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.
2 II. 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
3 III. Appropriation of Profits Writing off Goodwill, Preliminary expenses, Discount on issue of sharesIncome TaxDonationsTransfer to reservesDividend on shares
4 III. Abnormal Gains and Losses Abnormal losses of materialsAbnormal idle time of labour