Question

(11) Mahesh Ltd. was incorporated on 1st March, 2019 to acquire a timber merchant's buzineza as from
1st January 2019. The purchase consideration was agreed at Ra. 6,00,000 to be satisfied by the
issue of 30,000 Equity Shares of Rs. 10 each and 3,000 -6% Debentures of Ra 100 each
The following Trading and Profit and Loze A/c. for the year ended 31st December, 2019 is
presented to you
Particulars
Particulars
To Material Conzumed
7,74,000 By Sales
15,00,000
To Gross Profit
7,26,000
RS.
Rs.
15,00,000
15,00,000
To Salaries to Staff
7,26,000
6,000
1,000
3,40,000 By Gross Profit
24,000 By Interest on Investment
21,000 By Share Transfer Fees
66,000
To Office Expenses
To Rent
To Selling Expenses
11,000
To Carriage Outwards
13,500
To Debenture Interest
24,000
To Director's Fees
28,700
To Preliminary Expenses​

Answer 1

Answer:

this is profit percent nor lose