Rework the following income statement and balance sheet in vertical form: Particulars To Opening Stock Raw Material

Rework the following income statement and balance sheet in vertical form:

Transcribed Image Text:

Particulars To Opening Stock Raw Material To Purchase of Raw Material To Direct Wages To Manufacturing Expenses To Administrative Expenses To Depreciation To Preliminary expenses Written off To Selling and Distribution Expenses To Loss on Sale of Plant To Interest on Debentures To Net Profit To Provision for tax To General Reserve To Preference Dividend To Final Dividend To Balance c/f Profit and Loss Account For the year ending March 31, 2009 1,50,000 13,40,000 7,20,000 1,90,000 60,000 60,000 30,000 35,000 5,000 70,000 9,80,000 36,40,000 2,25,000 1,75,000 80,000 2,40,000 3,80,000 11,00,000 Particulars By Sales By Closing Stock Raw Material By Profit on sale of Assets By Balance b/f By Net Profit for the Year 35,00,000 1,00,000 40,000 36,40,000 1,20,000 9,80,000 11,00,000