2. Ram's capital on 31st March, 2015, is 28,500. His capital on 1st April, 2014 26.700. He informs you that during the year, he gave loan of 5,000 to his brother private account and withdrew 500 p.m. for personal purposes. He also used a flat for personal purposes, the rent of which at the rate of 300 p.m. and electricity charge a average of 60 p.m. were paid from the business account. He once sold his 5% Govt. B of 2,000 at 2% discount and brought that money into the business. Besides this, the no other information. You are required to prepare his statement of profit or loss for the year.
Answers
Answered by
0
Answer:
This is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal year or quarter.
Explanation:
A P&L statement, often referred to as the income statement, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal year or quarter.
Answered by
0
Explanation:
gave the abswer for this question with full expansion
Similar questions