11 November 2015
Q.No.1(C ) Answer Profit and Loss Account for the year ended 31stMarch-2015 (Assuming it is not a going concern) Amount Rs Amount
To Opening Stock To Purchases To Expenses To Depreciation To Provision For Doubtful Debts To Deferred Expenditure To pre payment loan Penalty To Net Profit 36000 450000 16500 5000 4000 15000 2000 10000 By Sales By Closing stock By Trade Creditors 500000 38000 500 538500 538500 My Answer is Net Profit Rs.10000/-
CAclubindia
