10 Questions
What is typically included in Selling and Distribution Expenses?
Depreciation on Delivery Van
Which item is not generally categorized under Interest?
Commission received
What could be classified as Non Operating Income?
Profit on sale of Investments
Which of the following is a Non Operating Expense?
Penalty paid
Under which category would Exhibition Expenses typically fall?
Selling and Distribution Expenses
Which item would not be considered an Interest expense?
Interest Received On Shares
Which of the following can be classified as Non Operating Income?
Damages Received
In which category would Loss on Sale of Assets be typically placed?
Non Operating Expenses
Where would Rent Received be classified?
Non Operating Income
Under which category would Share Transfer Fees Received typically be classified?
Non Operating Income
Test your knowledge on preparing a Common-size Statement of Profit and Loss. Learn about studying trends in different items of incomes and expenses, assessing efficiency, and analyzing financial data. Practice identifying note numbers and amounts in the statement.
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