This question was previously asked in
Shift 16/06/2023 3:30 PM - 6:30 PM
Correct Answer
Salaries and wages are typically shown in the Statement of Profit and Loss under the head:
4. Employee Benefit Expenses
This category includes expenses related to employee compensation, such as salaries, wages, bonuses, and benefits. It is a part of the operating expenses or operating costs incurred by a business and is distinct from finance costs, other income, and other expenses.
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