Page 176 - Account 10

20. From the following particulars prepare a profit and loss account of Ilam Tea
Industries Pvt. Ltd. as on 31st Asar, 2065. 2065(S)

Gross profit Rs. 5,00,000/- Advertisement Rs. 20,000/-
Discount received Rs. 7,000/- Salary Rs. 1,25,000/-
Bonus received Rs. 31,000/- House rent Rs. 1,00,000/-
Audit fee Rs. 14,000/-
Ans: Net Profit Rs. 279000
21. From the following particulars, prepare P/LA/C ‘Deaurali Dhaka Udyog’ for
the fiscal year 2064/65 : 2065(R)

Description Amount Description Amount
Gross profit Rs. 2,80,000 Repair expenses Rs. 14,500
Discount received Rs. 3,000 Legal charge Rs. 2,500
Bad debt Rs. 1,700 Depreciation Rs. 16,200
Advertisement Rs. 16,000 Bad debt recovered Rs. 700
Ans: Net profit = Rs. 2,32,800
22. Prepare profit and loss A/c of Kusum Cosmetics Shop, Kathmandu on the
basis of the following particulars as on 31st Ashad, 2073. 2074

Particulars Amount Particulars Amount
Gross Profit 50,000 Audit Fees 20,000
Income of Investment 70,000 Rent Received 45,000
Interest on Loan 15,000 Bad Debt 30,000
Sale of Scrap 10,000 Repairs 15,000
(Ans: Net Profit, Rs 95,000)
23. Prepare profit and loss A/c of Karnali Ghee Industry, on the end of Ashad,
2073 from the given transactions: 2073(R)

Particulars Amount Particulars Amount
Gross Loss 3,50,000 Interest Received 90,000
Purchase Discount 50,000 Salaries 70,000
Commission Received 60,000 Stationery 25,000
Carriage Outward 55,000
(Ans: Net Loss, Rs 3,00,000)
24. Prepare profit and loss A/c of Karnali Wood House, on the end of Ashad, 2073
from the given transactions: 2072(R)
Particulars Amount Particulars Amount
Gross Loss 1,75,000 Salaries 70,000
Received House Rent 30,000 Commission Received 10,000
Stationery 19,000 Purchase Discount 12,000
Advertisement 15,000 Carriage Outward 20,000
(Ans: Net Loss, Rs 2,47,000)

176 Aakar’s Office Practice and Accountancy - 10 Final Accounts 177