Question

Prepare Profit and Loss account for the year ended 31st March 2012 from
the following particulars.
Particulars Particulars General Expenses 800 Gross Profit 32,100
Charity 100 Carriage on sales 900
Electricity charges 175 Office expenses 650
Law charges 180 Insurance premium 1,200
Advertisement 440 Telephone expenses 600
Commission 870 Sales tax 800
Rent 1,800 Establishment expenses 700
Interest on investment 700 Miscellaneous expenses 750
Sundry receipts 700 Discount received 1,090
Indirect expenses 340 Traveller salary 300
Printing and stationary 65 Repair 270

Answer 1

Answer:

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