1. 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.

2. 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

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

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