From the following information, prepare Profit & Loss Account for the year ended 31st March, 2023: Gross Profit 1,30,000 Rent 5,000
From the following information, prepare Profit & Loss Account for the year ended 31st March, 2023:
|  | ₹ |  | ₹ |
|
Gross Profit Rent Salary Commission Paid Interest on Loan Advertisement Interest Received Discount Allowed A/c |
1,30,000 5,000 35,000 19,000 5,000 8,000 8,000 2,000 |
Discount Received Printing and Stationery Legal Charges Office Expenses Loss by Fire Depreciation Miscellaneous Income |
6,000 14,000 10,000 2,000 6,000 4,000 2,000 |
[Net Profit – ₹ 36,000.]
Anurag Pathak Changed status to publish October 12, 2023
