CUET Preparation Today
| What is the major head for the item ' interest paid on debentures' in the statement of profit and loss of the company? |
Other expenses Finance cost Employee benefit expenses None of these |
| Finance cost |
| It is the expenses towards interest charges during the year on the borrowings. Only the interest cost is to be shown under this head. Other financial expenses such as bank charges are shown under “Other Expenses”. |
