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Question
Which of the following is not a part of Finance Cost (in Statement of Profit and Loss)?
Options
Bank Charges
Interest Paid on Debentures
Interest Paid on Public Deposits
Loss on Issue of Debentures
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Solution
Bank Charges
Explanation:
Bank Charges are included in the other costs section of the profit and loss statement.
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- When all the comparative figures in a balance sheet are stated as percentage of the total, it is termed as horizontal analysis.
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For income measurement ______ basis of accounting is followed.
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