Items to be excluded from Cost Sheet Purely Financial Charges Loss on sale of investment, fixed assets etc. Fines & Penalties Interest on debentures, bank loans, fixed deposits, mortgages etc. Damages payable through a court of law.

II. Purely Financial Incomes Interest received on Bank deposits Transfer fee received Discount, commission received Rent, Interest, Dividend receivable Profit on sale of investments Damages received through a court of law

III. Appropriation of Profits Writing off Goodwill, Preliminary expenses, Discount on issue of shares Income Tax Donations Transfer to reserves Dividend on shares

III. Abnormal Gains and Losses Abnormal losses of materials Abnormal idle time of labour