Mumbai silk limited accrues a business as on first January 2018 it being in corporates on 1st may 2018 the first account are drawn upto 30 September 2018 the gross profit is 56000 Rs. the general expenses are Rs. 14220 directors fees Rs.12000 per annum pre lima-nary expenses Rs. 1500 rent to 13 June was Rs. 1200 per annum-after which it was increases to 3000 per annum salary of the manger who upon in corporation of is company was made a director was 16000 per annum since in corporation of the company it was included in directors fees above show pre in corporation and post in corporation profit of this company by preparing is statement assuming that sale s for 12 months where Rs. 820000 the monthly average which for the first 4 month of 2018 begin one half of the remaining period of this company earned uniformed profit account close on 31st December 1999
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