08 May 2011
Rent Rs.10000; Provision for bad debts(old) Rs.10000; Salaries Rs.8000; Apprentice Premium(credit) Rs.12000 Gross profit Rs.70000 Net profit of the firm will be__________? and how?
i think the answer key is right. the answer to this question is indeed 74000. here is how it works out: Gross profit - 70000 + old PBD - 10000 + App Premium - 12000 - rent - 10000 - salaries - 8000
CAclubindia
