7.
Compute Operating profit from the following information:
(1)
Net Profit Rs. 80,000; Salary Rs. 5000; Loss by fire Rs. 7,000; Interest and dividend received
Rs. 4000; Charity Rs. 2500; Interest on Loan Rs. 6500; Rent Rs. 4000; Loss on sale of Machinery
Rs. 8000; Profit on sale of investment Rs. 9,000.
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Explanation:
its is assumed that
- rent is for business premises
- loan took for operational activites
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