3) Prepare profit de loss. A/c of Ramesh for the year
ending 31st March 2020
Goose po[f+
1.30.000
salaries
45000
Rent and taxes
3000
Insurance
1.000
Rent received
1600
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P&l dr side
Salaries 45000
Rent and taxes 3000
Insurance 1000.
P&l cr side
Gross profit 1,30,000
Rent received 1600
Salaries 45000
Rent and taxes 3000
Insurance 1000.
P&l cr side
Gross profit 1,30,000
Rent received 1600
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