Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown: (i) Interest on Loans Given, (ii) Gain (Profit) on Sale of Securities, (iii) Loss on Sale of Fixed Assets, (iv) Interest paid on Deposits, (v) Depreciation on Computers, (vi) Goodwill Written off, (vii) Commission paid for Deposit Mobilisation, and (viii) Repairs Expenses?

Under which line item (major head) of the Statement of Profit and Loss

1.	Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown: (i) Interest on Loans Given, (ii) Gain (Profit) on Sale of Securities, (iii) Loss on Sale of Fixed Assets, (iv) Interest paid on Deposits, (v) Depreciation on Computers, (vi) Goodwill Written off, (vii) Commission paid for Deposit Mobilisation, and (viii) Repairs Expenses?
Answer» Solution :Revenue from Operations: (i) and (ii); Finance Costs: (IV) and (vii); Depreciation and AMORTISATION Expenses: (V) and (vi); Other Expenses: (III) and (viii).

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