bh

Following is the statement of Profit and loss of Mahesh Ltd. For the year inded 31st March 2014, Calculate operating ratio : Statement of profit and loss for the year ended 31st March 2014 S.NO. Particulars Note No. $ i. Revenue from operations (Net sales) 7,00,000 ii Other Incomes 1,00,000 iii Total Revenue (1+1) 8,00,000 Expenses : iv. 2,00,000 Purchase of stock in trade Changes in inventories of stock in trade 10,000 Employees Benefit expenses 1,00,000 Other Expenses 32,000 Total Expenses 3,32,000 Profit (iii-iv) 4,58,000 V. Note to Accounts :- 1 Particulars Other Expenses Administrative Expenses Selling and distribution expenses Loss on sale of fixed assets $ 10,000 10,000 12,000 32,000