Question

16. From the following information, prepare a Profit & Loss Account for the yea
March, 2018 :
₹
Salary
12,000
Carriage Outward
2,000
Repairs
300
Office Expenses
500
Discount Received
600
Apprentice Premium
500
Depreciation
400
Gross Profit
36,000
[Ans. Net Profit 14,300]
Trading and Profit & Loss Account
From the following belona
Discount Allowed
Rent & Rates
Stationery and Printing
Electricity
Insurance
Interest on Loan
Miscellaneous Receipts
Bad Debts
D:
11:​

Answer 1

Explanation:

Net Profit 14,300]

Trading and Profit & Loss Account

From the following belona

Discount Allowed

Rent & Rates

Stationery and Printing

Electricity

Insurance

Interest on Loan

Miscellaneous Receipts

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