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⟩ Tell me what items are included in Profit and Loss account?

☛ Salaries

☛ Rent

☛ Rates and Taxes

☛ Interest

☛ Commission

☛ Trade Expenses

☛ Printing and Stationery

☛ Advertisement

☛ Carriage out, freight out, carriage out

☛ Repairs

☛ Travelling expenses

☛ Samples

☛ Depreciation

☛ Apprentice premium

☛ Life insurance premium

☛ Insurance premium

☛ Income tax

☛ Interest on capital and drawings

☛ Loss or gain on asset sold

☛ Discount received and allowed

☛ Trade discount

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