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SSC Financial and Cost Accounting P-1
QUESTION #9645
Question 1
In a Departmental Income Statement, which of the following expenses is classified as 'un-allocable' across departments?
Correct Answer Explanation
Un-allocable expenses are those providing economic benefits to the whole entity and cannot be identified with a specific department. These are financial expenses such as interest on loans and bank overdrafts, loss on disposal of investments, etc. They are shown in the General Profit and Loss account.
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