Question

Sarvotham Ltd was incorporated on 1/10/2011 with an authorized capital of Rs
50,000 and took over the running business of Uttam brothers on 1/11/2012. The following
is the Profit and Loss account for the year ended 30th September 2012. Sales from 1
October to 31 December 60000
Sales from 1 January to 30 September 190000 Cost of sales for the year 154000
Administrative expenses 17680
Selling commission 8750 Goodwill written off 2000
Interest to vendors (amount paid on 1/2/2013) 3730 Distribution expenses 12500 (60%)
variable Preliminary expenses 3300
Debenture interest 3200 Depreciation 4440
Directors' fees 1000
The company deals with only one product and the cost of sales per unit was reduced
by 10% in the post incorporation period compared to pre incorporation period. Prepare
statement showing apportionment of profits.​

Answer 1

Answer:

didn't get your question

Answer 2

Answer:

The following is the Profit and Loss account for the year ended 30th ... October to 31 December 60000. Sales from 1 January to 30 September 190000 Cost of sales for ...