- From the following details, prepare a statement of Profit or Loss fo

1.	- From the following details, prepare a statement of Profit or Loss for the year endedDecember 31, 1989.Balance as on1-1-89 Rs. 31-12-89 Rs.20,00015,000Machinery2,000 2,000Furniture70,000Debtors90,0002,700 4,800Cash500Prepaid Expenses800Accrued Income3,000 5,300Outstanding IncomeProvide 10% depreciation on Machinery and furniture and 5% for bad debts on sundrydebtors. Interest on capital is to be provided at 6% per annum. After three months from thebeginning of the year the proprietor had to bring in Rs.5000 by way of additional capital. Hedrew salary at Rs.500 p.m. In addition, he drew Rs. 3,000 in anticipation of profits. Rs. 2,000income-tax was paid.
Answer» Answer: ADAM VS DJ alok Vs K so TELL me who is the winter

- From the following details, prepare a statement of Profit or Loss for the year endedDecember 31, 1989.Balance as on1-1-89 Rs. 31-12-89 Rs.20,00015,000Machinery2,000 2,000Furniture70,000Debtors90,0002,700 4,800Cash500Prepaid Expenses800Accrued Income3,000 5,300Outstanding IncomeProvide 10% depreciation on Machinery and furniture and 5% for bad debts on sundrydebtors. Interest on capital is to be provided at 6% per annum. After three months from thebeginning of the year the proprietor had to bring in Rs.5000 by way of additional capital. Hedrew salary at Rs.500 p.m. In addition, he drew Rs. 3,000 in anticipation of profits. Rs. 2,000income-tax was paid.

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ADAM VS DJ alok Vs K so TELL me who is the winter

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