1.

Prepare Profit and Loss Account for the year ended 31st March, 2017 from the following particulars:- Particulars (₹) Particulars (₹) General expenses 12,000 Gross profit 7,69,000 Charity 3,000 Carriage Outwards 20,000 Office Lighting 5,000 Office Expenses 16,000 Law Charges 5,800 Fire Insurance Premium 18,000 Advertisement 14,200 Telephone Expenses 13,500 Bank charges 1,200 Establishment expenses 2,500 Commission 7,000 Miscellaneous Expenses 7,100 Rent, Rates and Taxes 30,000 Discount Received 6,200 Interest on investments 12,000 Traveller's salary 60,000 Sundry Receipts 6,000 Repair 4,300 Indirect expenses 2,100 Commission Cr. 2,000 Printing and Stationery 1,500

Answer» Prepare Profit and Loss Account for the year ended 31st March, 2017 from the following particulars:-


















































































Particulars (₹) Particulars (₹)
General expenses 12,000 Gross profit 7,69,000
Charity 3,000 Carriage Outwards 20,000
Office Lighting 5,000 Office Expenses 16,000
Law Charges 5,800 Fire Insurance Premium 18,000
Advertisement 14,200 Telephone Expenses 13,500
Bank charges 1,200 Establishment expenses 2,500
Commission 7,000 Miscellaneous Expenses 7,100
Rent, Rates and Taxes 30,000 Discount Received 6,200
Interest on investments 12,000 Traveller's salary 60,000
Sundry Receipts 6,000 Repair 4,300
Indirect expenses 2,100 Commission Cr. 2,000
Printing and Stationery 1,500


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