Which of the following expenses appear in the Profit and Loss account?
Stock lost by fire and not covered by insurance
The expense for stock lost by fire and not covered by insurance appears in the Profit and Loss account, as it represents a loss due to an unforeseen event. The other expenses, such as personal income tax and drawings, are not included in the Profit and Loss account.
Important Questions from Financial Organisations
Special Economic Zones are being set up by the Government in order to attract:
Which institution is responsible for calculating the GDP of India?
In which income group does India fall on the basis of Gross National Income classified by the World Bank?
With which of the following has India inked a $346 million loan agreement to finance Karnataka State Highways improvement III Project (KSHIP – III)?
What does 'E' stand for in SEBI?
