23. Prepare Profit & Loss A/c of Ramesh for the year ending 31st March 2020.
₹
Gross Profit
1,30,000
Salaries
45,000
Rent & taxes
3,000
Insurance
1,000
Rent received
1,500
the missing fire
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Answer:
130000 + 45000-3000+1000+1500= 175000-5500
= 169500
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