Page 150 - Account 10

12. Prepare a Profit and Loss Account of Sherpa Carpet Industry Pvt. Ltd. of 32
nd
Asar, 2063 according to the following transactions: (2063R)
Particulars Amount Particulars Amount
Gross profit 5,22,000 Salary 1,36,000
Stationery 25,000 Interest received 18,000
Commission received 50,000 Telephone charge 24,000
Carriage received 41,000 Entertainment expenses 20,000
Advertisement 60,000
(Ans: Net Profit Rs. 3,66,000)
13. Prepare profit and loss account of Hetauda Company Pvt. Ltd. for the fiscal
year end of Ashadh 2067/68 according to the following transactions. 2068 (R)
Particulars Amount Particulars Amount
Gross Profit 1,85,000/- Salary 81,000/-
Profit in Investment 11,000/- Tax 7,000/-
Commission Received 4,000/- Interest Paid 20,000/-
Advertisement 15,000/- Audit Fees 10,000/-
Ans: Net profit = Rs. 67,000
14. Prepare a profit and loss account of Pathibhara General Store for the year
2068/69 Ashadh. SLC 2069

Particulars Amount Particulars Amount
Salary 95,000 Insurance premium 15,000
Stationary 13,000 Dividend received 18,000
Carriage award 4,000 Discount received 11,000
Doubtful debt 19,000 Gross Profit 1,49,000
Ans: Net Profit Rs. 32,000
15. Prepare the profit and loss account of Pashupati Grill Industry as an 31
st
Ashadh, 2070 from the following particulars. SLC 2070
Particulars Amount Particulars Amount
Gross loss 2,00,000 Advertisement 15,000
Purchase discount 16,000 Rent received 50,000
House rent 60,000 Salary 90,000
Received bonus 34,000
Ans: Net loss Rs 2,65,000
16. Prepare profit and loss account of D and D store as on 30 Asar, 2071 from the
th
following particulars. 2072
Particulars Amount Particulars Amount
Gross loss 4,00,000 Interest received 20,000
Depreciation 24,000 Doubtful debt 15,000
Dividend received 30,000 Salary 90,000
Selling expenses 50,000 Stationery 16,000
Ans: Net profit Rs. 2,55,000/-

150 Aakar’s Office Practice and Accountancy - 10 Final Accounts 151