Items Excluded from Cost

and are thus not included w

The following items are of financial nature e
a cost sheet:
1.
Cash discount 2. Interest paid
3. Preliminery expenses written off 4 Goodwill written off
5. Provision for taxation 6. Provision for bad debts
7. Transfer to reserves 8. Donations
99. Income tax paid 10. Dividend paid
11. Profit/loss on sale of fixed assets 12. Damages payable at law, etc.
13. Pension and gratuity 14. Discount on issue of shares