Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › Staff welfare and leave encashment are shown under
Staff welfare and leave encashment are shown under
AEmployee benefits expense
BOther operating expenses
CFinance costs charged
DOther income earned
Answer & Solution
Correct answer: A. Employee benefits expense
Salary, wages, leave encashment and staff welfare are all employee costs shown in this one head.
Related questions
Labour unions use financial statements when negotiatingAnother name for the balance sheet is the statement ofMD&A in an annual report gives a narrative from the view ofInternational Financial Reporting Standards are developed by theGAAP stands forConsolidated statements present a parent and its subsidiaries asMoney received for services not yet provided is recorded asApple trees grown to produce apples are an example of