39. From following information prepare Trading & Profit and loss account in the books of Amit for the year ended 31 December 2015: Opening stock of finished goods Cost of goods manufactured 25,000 8,50,000 12,00,000 20,000 12,500 50,000 10,000 5,000 7,500 Sales Closing stock of finished goods Rates and Taxcs Salaries Advertisement Bad debts Discount(Cr) Adjustments: 1.Outstanding salary 10,000 2.Interest on Investment 2,000 (Sem 1 oct 2016 SQ-GP=3,45,000;NP=2,67,000)

39. From following information prepare Trading & Profit and loss account in the books of Amit for the year ended 31 December 2015: Opening stock of finished goods Cost of goods manufactured 25,000 8,50,000 12,00,000 20,000 12,500 50,000 10,000 5,000 7,500 Sales Closing stock of finished goods Rates and Taxcs Salaries Advertisement Bad debts Discount(Cr) Adjustments: 1.Outstanding salary 10,000 2.Interest on Investment 2,000 (Sem 1 oct 2016 SQ-GP=3,45,000;NP=2,67,000)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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