Question

Following balance is taken from the books of Patel Ltd. Prepare statement of profit and loss for
the year ending 31-3-2017 as per schedule-III of Companies Act, 2013.
Balance
Amt. (*)
Sales of scrap
10,500
1,87,500
Cost of material consumed
2)
78,000
Salary
9000
Interest paid
3,81,000
5) Sales
12,000
6) Change in stock of finished goods
Office and administration expenses
15,600
기
84,000
) Depreciation
Provision for tax on profit is 30 %
following is the balance sheet of Keyur Ltd. as on 31-3-2017 :​

Answer 1

Explanation:

can you provide a pic of the entries, couldn't able to read it properly