Arrange the following items in correct order as per statement of Prof…

The correct answer is Option (4) - (C), (A), (E), (B), (D).

(C) Cost of materials consumed

(A) Changes in inventories of finished goods

(E) Employees Benefit Expenses

(B) Finance Cost

(D) Depreciation and Amortisation

 

STATEMENT OF PROFIT AND LOSS

I Revenue from operations
II Other income
III Total Revenue (I+II)
IV Expenses: Cost of materials consumed
                      Purchases of stock-in-trade
                      Changes in inventories of finished goods Work-in-progress and stock-in-trade
                      Employee benefits expense
                      Finance costs
                      Depreciation and amortisation expense
                      Other expenses
   Total expenses
V Profit before extraordinary items and tax (III-IV)
VI Exceptional items
VII Profit before extraordinary items and tax (V-VI)
VIII Extraordinary items
IX Profit before tax (VII-VIII)