Mention any six items which are purely financial charges

1.	Mention any six items which are purely financial charges
Answer» Purely financial charge – examples a) Loss on sale of capital assets b) Discount on bonds, debenture etc. c) Loss on investment d) Interest on bank loans and mortgages. e) Fines and penalties f) Provision for bad and doubtful debt g) Amount written off, goodwill, discount on debentures, preliminary expenses h) Loss due to theft, pilferage, etc

Answer»

Purely financial charge – examples

a) Loss on sale of capital assets

b) Discount on bonds, debenture etc.

c) Loss on investment

d) Interest on bank loans and mortgages.

e) Fines and penalties

f) Provision for bad and doubtful debt

g) Amount written off, goodwill, discount on debentures, preliminary expenses

h) Loss due to theft, pilferage, etc

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Mention any six items which are purely financial charges

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