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Unit 8: Corporate Reporting
Notes
Printing and Stationary Commission Received
Postage and Telegrams Rent Received
Telephone Charges Miscellaneous Receipt
Legal Expenses Dividend from
Audit Fees subsidiaries
General Expenses Net Loss
Advertisement
Salesmen salaries and commission
Packing Expenses (Secondary)
Bad Debts
Provision for Doubtful Debts
Provision for Discount
Depreciation provisions
Other Provisions
Repairs and renewals
Discount allowed
Carriage Outwards
Interest on Loan
Interest on Capital
Loss by fire or theft
Charity
Issue Expenses
Commissions
Managing Agents Commission
Managerial Remuneration
Provision for taxation
Provision for Dividend
Net Profit/Loss
Self Assessment
State true or false:
17. Cost of direct materials consumed arrived at by adding net purchases to beginning inventory
to obtain direct materials available.
18. Administration expenses are those that are incurred in order to generate sales.
19. Operating expenses are those expenses that are directly related to the company’s efforts to
generate sales.
LOVELY PROFESSIONAL UNIVERSITY 109
