Question

23. Prepare Profit & Loss Ac of Ramesh for the year
ending 31st March
GROSS Profit 130000
salaries 45000
rent and taxes 3000
insurance 1000
rent received 1500​

Answer 1

Particular. Amt. Particular Amt.

salaries 45000 Gross profit 130000

Rant Nd taxes 3000. Rent received 1500

Insurance. 1000. 131500

Net profit 82500.

131500.

Answer 2

Answer:

Tip :-

• Preparation of Profit & Loss Account

Explanation:

Gross Profit for the year ended 31st March = 82,500