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Consolidated profit and loss account

Accountancy

In solution of these question, why is "production expenses" shown under "cost of raw materials consumed"?

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Safa Saleem

CA Inter

★ 4K+

18-May-24 20:40

Answers (2)

Production expenses related to *raw material* consumption should be categorized under the appropriate head as specified by the Companies Act. Any expenses that do not fit under the specified heads should be classified as "other expenses." Extraa Tip: If any expenses which is not fit under heads will be shown as other expenses

Balachandar S

CA Inter

★ 59K+

19-May-24 05:02

Thank you

Thread Starter

Safa Saleem

CA Inter

★ 4K+

19-May-24 19:08

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