Question

Under which line item of the financial statements following items will be shown:
(i) Sales;

(ii) Loss on Sale of Vehicle;

(iii) Debentures;

(iv) Unamortised Loss on Issue of Debentures (to be written off within 12 months of the date of Balance Sheet);

(v) Encashable Leave Payable at the Time of Retirement;

(vi) Tax Reserve;

(vii) Carriage on Purchases of Stock-in-Trade; and

(viii) Telephone and Internet Expenses?

Answer 1

Items	Line Items of Financial Statements
Sales	Revenue from Operations
Loss on Sale of Vehicle	Other Expenses
Debentures	Long Term Borrowings
Unamortised Loss on Issue of Debentures (to be  written off within 12 months of the date of  Balance Sheet)	Other Non-Current Assets
Encashable Leave Payable at the time of  Retirement	Long Term Provisions
Tax Reserve	Reserves and Surplus
Carriage on Purchase of Stock-in Trade	Other Expenses
Telephone and Internet expenses	Other Expenses