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Financial Statements of a Company 1.11
Disclosure of Important Items in Company’s Statement of Profit & Loss as per Schedule III

S. No. Item Major Head Sub-head
1. Sale of Products Revenue Revenue from Operations
2. Sale of Services (Services Rendered) Revenue Revenue from Operations
3. Trading Commission Revenue Revenue from Operations
4. Interest Income Revenue Other Income
5. Interest Income of a Finance Company Revenue Revenue from Operations
6. Dividend Income of a Finance Company Revenue Revenue from Operations
7. Dividends from Companies Revenue Other Income
8. Rental Income Revenue Other Income
9. Selling and Marketing Expenses Expenses Other Expenses
10. Opening Inventories of Expenses Changes in Inventories of
Finished Goods, Work-in- Finished Goods, Work-in-
progress and Stock-in-trade progress and Stock-in-trade
11. Discount/Loss on Issue of Expenses Finance Costs
Debentures written off
12. Salary Expenses Employees Benefit Expenses
13. Excess Provision written Revenue Other Income
back
14. Rent of Factory Expenses Other Expenses
15. Audit Fee Expenses Other Expenses
16. Purchase of Material Expenses Cost of Materials Consumed
17. Rent of Office Building Expenses Other Expenses
18. Carriage Outwards Expenses Other Expenses
19. Wages Expenses Employees Benefit Expenses
20. Leave Encashment Expenses Employees Benefit Expenses
21. Gain (Profit) on Sale of Building Revenue Other Income
22. Goodwill Amortised Expenses Depreciation and
Amortisation Expenses
23. Carriage Inwards Expenses Other Expenses
24. Miscellaneous Expenses Expenses Other Expenses
25. Cash Discount Received Revenue Other Income
26. Interest on Loans Expenses Finance Costs
27. Bonus to Employees Expenses Employees Benefit Expenses
28. Interest on Fixed Deposits Revenue Other Income
29. Gratuity Expenses Employees Benefit Expenses
30. Depreciation on Expenses Depreciation and
Computers/Furniture Amortisation Expenses
31. Electricity Expenses Expenses Other Expenses
32. Bank Charges Expenses Other Expenses
33. Repair to Machinery Expenses Other Expenses