wable depreciation 2014 Income from business 1945 Note Bonut is allowed to be debied was paid before due date of thing of rett ILLUSTRATION 11 From the prorit and loss account given below. calculate the manable buunees income of Partnership form for the year ending on 31st March 2015 2. Opening stock 1.60.000 Sales 800.00 Purchases 5,60,000 Commission 50.00 Wages 50.000 Interest 20.00 Salaries 40,000 Closing stock 180.00 Bad debts 1.500 Rent 10,000 Interest 10.000 General charges 15.000 Income tax tfirm's 25.000 Legal charges 8.000 Insurance 2.500 Conveyance 8.000 Depreciation 30.000 Bad debt reserve 5.000 Na Profil 125.000 10,50.000 10 500 Following information was detected from the scrutiny of the accounts (Salaries include payment of salary to partners Alfa and Rela. 2.000 and 10.0 respectively Interest nccount includes payments made to partners on their capaal at the com or 10 as per terms of partnership deed Al ? 2,000. Beta2.500 Gama ? 2500 tin Rent includes rent paid to partner Gama ? 6.000 ) Travelling expenses of 6.000 were spent on tour to the U.K. by partner Gama to any for busines, which are included in general charge