Rs. Rs. |Capital Account 15,250 Purchases 73,010 Returns inwards 1,076 | Returns outwards Sales | Carriage inwards Carriage outwards Salesman's commission Salesman's salary |Office salaries Bank charges Interest on deposits Light and heat Sundry expenses Rent Insurance Printing and postage Advertising Bad debts Opening stock 3,720 126,066 2,930 1,762 711 3,970 7,207 980 300 2,653 2,100 1,791 1,044 2,103 4,000 3,315 7,650 10,760 Accounts receivables Accounts payables Cash in hand |Cash at bank Motor expenses Furniture and equipment Depreciation Loan account 7,411 14,393 8,305 986 8,000 3,000 9,000 Closing stock has been valued for accounting purposes at Rs. 3,840. Required: Prepare Statement of comprehensive income for the year ended 30 June, 2020.

Rs. Rs. |Capital Account 15,250 Purchases 73,010 Returns inwards 1,076 | Returns outwards Sales | Carriage inwards Carriage outwards Salesman's commission Salesman's salary |Office salaries Bank charges Interest on deposits Light and heat Sundry expenses Rent Insurance Printing and postage Advertising Bad debts Opening stock 3,720 126,066 2,930 1,762 711 3,970 7,207 980 300 2,653 2,100 1,791 1,044 2,103 4,000 3,315 7,650 10,760 Accounts receivables Accounts payables Cash in hand |Cash at bank Motor expenses Furniture and equipment Depreciation Loan account 7,411 14,393 8,305 986 8,000 3,000 9,000 Closing stock has been valued for accounting purposes at Rs. 3,840. Required: Prepare Statement of comprehensive income for the year ended 30 June, 2020.

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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Compared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% by
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