Question

. Which of the following items is not included in preparation of Cost Sheet?​

Answer 1

Answer:

b) Rent received. (c) Profit or loss on sale of investments, fixed assets etc. (d) Expenses on raising capital. (e) Cash discount allowed or received.

Answer 2

Cost sheet

A cost sheet is a document that provides a detailed breakdown of the costs associated with a product or project. It is typically used in manufacturing or construction to assess the cost of raw materials, labor, and other expenses.

A cost sheet can be very helpful in determining the overall cost of a project or product. It can also help identify areas where costs can be reduced. If you are thinking about starting a manufacturing or construction project, a cost sheet can be a valuable tool in planning and budgeting.

The items excluded in cost sheet are:-

• Any transfer to reserves.

• Dividend for shares.

• Any amount that are written off like :- goodwill written off or underwriting commission.

• Payment or bonus profits.

• Rent received.

• Expenses on only raising capital.

• Any discount that are allowed or recivied.

• Abnormal savings.