Question

6.
Following are some of the ledger balances. Prepare Profit and Loss Account of
Mr. Prasad for the year ended 31st December, 2018.
Salaries 34,000; Commission received * 1,800; Discount allowed 1,800; Discount
received 2,850; Advertising 3,650; General expenses *1,450; Rent paid 4,500;
Cash in hand 1,900; Cash at Bank 2,950; Machinery * 80,000; Capital Account
1,50,000; Drawings Account * 2,400. Gross Profit 79,500.

Answer 1

Answer:

i hope its help you and pls mark me brainlist