Question

Q11. From the following particulars of Taj Continental Hotel, prepare an Income
Statement for the year ended on 31st December 1997, in accordance with the
uniform system of accounts:
Net Sales
Rooms
Food & Beverage
Telephone
Minor Operated Depts. 1,30,000.00
Rs. P.
46,20,000.00
20,30,000.00
1,25,000.00
Cost of Sales
Food & Beverage
1,20,000.00
Telephone
20,000.00
Minor Operated Depts. 25,000.00
Payroll & Related Expenses
Rooms
3,20,000.00
Food & Beverage
5,00,00,000
Telephone
30,000.00
Minor Operated Depts. 6,000.00
Administrative & General 80,000.00
Marketing
40,000.00
Property Operation & Maintenance 50,000.00
Other Expenses
Rs.
P.
Rooms
1,80,000.00
Food & Beverage
1,90,000.00
Telephone
3,000.00
Minor Operated Depts.
3,300.00
Administrative & General 90,000.00
Marketing
80,000.00
Property Operation & Maintenance 70,000.00
Energy Cost
60,000.00
Fixed Charges
Rent
70,000.00
Property Taxes
40,000.00
Insurance
45,000.00
Interest
80,000.00
Depreciation
1,20,000.00
Income Tax
1,00,000.00​

Answer 1

Answer:

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