Question

Calculate the funds from operations from the following profit and loss account. Rs. 2,00,000 20,000 Profit and Loss Account Particulars Rs. Particulars To Expenses paid 1,00,000 By Gross Profit To Depreciation 40,000 By Gain on sale To Loss on sale of of Machinery building 15,500 To Discount 500 To Good will 12,000 To Net Profit 52,000 2,20,000 2,20,000

Answer 1

Explanation:

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