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Summarized financial statement of AG Ltd for the year ended 31st march 2020 are below Income Statement for the Year Ended 31 March, 2020 16,00,000

Summarized financial statement of AG Ltd for the year ended 31st march 2020 are below
Income Statement for the Year Ended 31 Liabilities Paid-up Capital (40,000 equity Shares of 10 cach) Retained Earnings Debentures Total Assets Net 

Income Statement for the Year Ended 31" March, 2020 16,00,000 13,10,000 2,90,000 40,000 Sales Less: Cost of Goods Sold Gross Margin Less: Other Operating Expenses EBIT Less: Interest EBT Less : Tax Net Profit Balance Sheet as on 31st March, 2020 2,50,000 45,000 2,05,000 82,000 1,23,000

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