From the following profit and Loss Account of a trader, determine the amount of funds from business
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From the following profit and Loss Account of a trader, determine the amount of funds from business operations:
Profit and Loss Account Rs. Rs.
To Salaries 47,000 By Gross Profit b/d 3,00,000 To Cash Expenses 15,000 By Profit on sale of plant To Depreciation 30,000 and Equipments 12,000 To Loss in Sale of By Interest Received 3,000 Furniture 5,000 To Goodwill Written off 20,000 To Preliminary Expenses 6,000 written off 1,92,000 _______ To Net Profit 3,15,000 3,15,000
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Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
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