From the following information, prepare Profit & Loss Account of Sohan for the year ended 31st March, 2023:
From the following information, prepare Profit & Loss Account of Sohan for the year ended 31st March, 2023:
|
Salaries and Wages Commission Paid Postage Insurance Interest Paid Carriage Outwards |
3,000 200 150 300 400 500 |
Advertising Discount Allowed Rent Received Interest on Investment Bad Debts Brokerage Paid |
1,000 1,800 1,700 1,500 900 95 |
The Gross Profit was 45% of Sales, which amounted to ₹ 65,000.
Anurag Pathak Changed status to publish October 26, 2023
