11. The details of Shreekanth Company are as under:
Sales (40% cash sales)
Less: Cost of sales
oss Profit:
Less, Office Exp. (including int, on debentures)
Selling Exp.
15,00,000
7,50,000
7,50,000
1,25,000
1,25.000
2,50,000
5,00.000
250.000
2450.000
Profit before Taxes:
Less: Taxes
Net Profit
Page
2020
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