Asian Paints was set up in the year 1942 and is Indias leading paint company with a

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Asian Paints was set up in the year 1942 and is India’s leading paint company with a group turnover of ₹ 170.85 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 16 countries and has 24 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints, Taubmans and Kadisco. Asian Paints manufactures wide range of paints for decorative and industrial use. 

Based upon the following particulars prepare the statement of profit and loss of the company for the year 2016–17.

Particulars Advertisement expenses Amortisation of intangible assets Closing stock-raw material ClosingTravelling Expenses Tax on OCI-items that will not be classified to profit and loss 101 (credit) 3

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