Question

des at March 31, 2015 the following balances have been extrated from the bo
of the cam Chartered Accountants Recreation Club and you are asked
pere Trading Account for ascertain gross profit derived from rum
want and mom and come and Expenditure Account for
year ended March 31, 2015 Gada Balance Shrel as at that date.
Ord Balmes
Recepts Dining Room
7.30
Repairs and Renewal
Fuel and Light
d's Recipes
10.470 Sunday Recepts
Interest on Found Deposit
5.400 Sundry Credits
5280 Grant from Institute
permanent
560 Income and Exp. Alc
Sundry Debors
1.53.848
On March 31.2014 stock of restaurant consisted of Rs. 900 and Rs.
respectively. Provide depreciations Rs 60 on fixtures and fittings, Rs. 390 on bil
table and Rs 500 om furniture
Ans: Excess of income over expenditure-Rs. 2,950: Total of Balance Sheet Rs. 51.700​

Answer 1

Explanation:

Turnover for the same period was Rs. 4,00,000. During the year ending 31st March 2020 they had earned net profit of Rs. 6,86,000 before adjusting the above mentioned provisions of the deed. .