Question

Calculate funds from operations from the

following profit and loss account.

Profit and loss account

Particulars Rs. Particulars Rs.

To expenses paid 3,00,000 By gross

To depreciation 70,000 profit 4,50,000

To loss on sale By gain on

on machine 4,000 sale of

To discount 200 land 60,000

To goodwill 20,000

To net profit 1,15,800

5,10,000 5,10,000 ​

Answer 1

Answer:

Calculate funds from operations from the

following profit and loss account.

Profit and loss account

Particulars Rs. Particulars Rs.

To expenses paid 3,00,000 By gross

To depreciation 70,000 profit 4,50,000

To loss on sale By gain on

on machine 4,000 sale of

To discount 200 land 60,000

To goodwill 20,000

To net profit 1,15,800

5,10,000 5,10,000

Answer 2

Explanation:

To expenses paid 3,00,000 By gross profit 4,50,000

To depreciation 70,000 By gain on sale of land 60,000

To loss on sale of machine 4,000

To discount 200

To goodwill 20,000

To net profit 1,15,800

5,10,000 5,10,000