Subjective Questions on From the following information prepare the Profit and Loss A c for the year ended 31st March 2018 nb........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

From the following information prepare the Profit and Loss A c for the year ended 31st March 2018 nb...........

Accountancy (11th) Chapter-9 Financial Statements-1
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    From the following information, prepare the Profit and Loss A/c for the year ended 31st March 2018      (5 marks)

      Rs.
    Gross Profit 1,20,000
    Rent 5,000
    Salary 35,000
    Commission paid 19,000
    Interest on Loan 5,000
    Advertisement 8,000
    Interest  received 8,000
    Discount received 6,000
    Printing and stationery 4,000
    Legal charges 10,000
    Bad debts 2,000
    Loss by fire 6,000
    Depreciation 4,000
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