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प्रश्न
Which of the following is not a part of Finance Cost (in Statement of Profit and Loss)?
विकल्प
Bank Charges
Interest Paid on Debentures
Interest Paid on Public Deposits
Loss on Issue of Debentures
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उत्तर
Bank Charges
Explanation:
Bank Charges are included in the other costs section of the profit and loss statement.
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संबंधित प्रश्न
What is meant by 'Financial Statements' of a company?
What is meant by 'Analysis of Financial Statements'? State any two objectives of such an analysis.
Short Answer Question
State the meaning of financial statements?
Prepare the balance sheet of Jyoti Ltd. as at March 31, 2017 from the following information:
Building Rs. 10,00,000; Investments in the shares of Metro Tyers Rs. 3,00,000; Stores & Spares Rs. 1,00,000; Discount on issue of 10% debentures Rs. 10,000; Statement of Profit and Loss (Dr.) Rs. 90,000; 5,00,000 Equity Shares of Rs. 20 each fully paid-up; Capital Redemption Reserve Rs. 1,00,000; 10% Debentures Rs. 3,00,000; Unpaid dividends Rs. 90,000; Share options outstanding account Rs. 10,000.
Under which major head will the following be shown:
(i) Share Capital; and (ii) Money Received Against Share Warrants?
List any five items that are shown under Reserves and Surplus.
State giving reason whether Trade Payables are classified as Current Liabilities or Non-current Liabilities in the Balance Sheet of a Company as per Schedule III of the Companies Act, 2013 in the following cases:
| Case | Operating Cycle Period (Months) | Expected Payment Period (Months) |
| 1 | 10 | 11 |
| 2 | 10 | 12 |
| 3 | 10 | 13 |
| 4 | 14 | 13 |
| 5 | 15 | 16 |
What are the objectives of financial statements? They provides ______.
Match the following:
| (i) | Gross profit | (a) | The explanatory notes to financial statements |
| (ii) | Operating profit | (b) | Amounts receivable by the company |
| (iii) | Sundry Debtors | (c) | Amounts payable by the company |
| (iv) | Sundry Creditors | (d) | Sales - Cost of good sold |
| (v) | Schedules | (e) | Gross profit - Operating expenses |
| (vi) | Net profit | (f) | Operating profit - interest and tax |
What are the limitations of financial statements?
