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Notes To Accounts

The document outlines the notes to accounts, detailing various financial components such as revenue from operations, other income, costs of materials consumed, and employee benefit expenses. It includes sections on finance costs, depreciation, and other expenses, along with exceptional items. Each section lists specific entries and totals, providing a comprehensive overview of the financial performance and position.

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21 views2 pages

Notes To Accounts

The document outlines the notes to accounts, detailing various financial components such as revenue from operations, other income, costs of materials consumed, and employee benefit expenses. It includes sections on finance costs, depreciation, and other expenses, along with exceptional items. Each section lists specific entries and totals, providing a comprehensive overview of the financial performance and position.

Uploaded by

murukesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NOTES TO ACCOUNTS

1. Revenue from operation


Sale of products xxxx
Less:sales return (xxx)
Less:Excise Duty (xxx)
Total xxxx
2. Other Income
Discount received xxx
Rent received xxx
Profit on sale of land xxx
Transfer fees xxx
Interest Received xxx
Provision for Discount on Creditors xxx
Total XXX
3. Cost of Material Consumed
Opening stock of Raw material xxx
Add: Purchase of material xxx
Less: Closing Stock of Material xxx
Total XXX
4. Purchase
Purchase xxx

Less: Returns (xxx)


Add :freight inward xxx
Total xxx
5. Change in Inventories
Opening stock xxx
Less: Closing stock xxx
Total XXX
6. Employee benefit expense
Salaries and Wages xxx
Contribution to PF xxx
Staff Welfare Expense xxx
Expense on ESOP xxx
Outstanding expense xxx
Bonus xxx
Total XXX
7. Finance Cost
Interest paid xxx
Loss/discount on issue xxx
Gain from foreign currency xxx
Debenture interest xxx
Outstanding interest xxx
Total XXX
8. Depreciation and amortisation expenses
Depreciation on assets xxx
amortisation expense xxx
Total XXX
9. Other expense
Consumption of stores spare xxx
parts
power ,fuel electricity xxx
Rent xxx
Repairs xxx
Insurance xxx
Rates taxes xxx
Provision for doubtful debts xxx
Expense on CSR xxx
Auditors fees xxx
Political donation xxx
Preliminary expense written off xxx
Miscellaneous exp xxx
Bad debts xxx
Dealer aids xxx
Distribution freight xxx
Advertisement xxx
Discount allowed xxx
commission xxx
Office expense xxx
Directors remuneration xxx
Carriage inward xxx
Manufacturing exp xxx
Printing and stationery xxx
Laundry xxx
Trade expense xxx
XXX
Total
10. Exceptional/Extraordinary items
Unusual sale xxx
Loss on earthquake xxx
Cost due to closure of factory xxx
XXX
Total

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