From the following Profit and Loss Account, calculate Funds From Opera – InterviewSolution

1.

From the following Profit and Loss Account, calculate Funds From Operations:ParticularsAmount (Rs.)ParticularsAmount (Rs.)To Salaries50,000By Gross Profit b/d10,000To Rent20,000By Discount50,000To Depreciation10,000By Interest on Investment40,000To Preliminary Expenses20,000By Net Loss50,000To Loss on Sale of Land50,0001,50,0001,50,000

Answer»

Calculation of Funds From Operations

Particulars		Amount (Rs.)
Net Loss for the year (given)		(50,000)
Add: Non – fund items debited to P&L Account
Depreciation	10,000
Preliminary Expenses	20,000
Loss on Sale of Land	50,000
Less: Non – fund items credited to P&L Account
Interest on Investment	40,000	40,000
Loss from operations		(10,000)

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