Page 103 - Office Practice and Accounting 10
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9. Prepare a profit and loss account of Khanal and Company for the fiscal
year 2071/72 from the following transactions.
Gross profit Rs. 4,50,000 Salary Rs. 90,000
Advertisement Rs. 5,000 Interest Rs. 15,000
Stationery Rs. 7,000 Discount received Rs. 9,000
Depreciation Rs. 2,000 Legal charge Rs. 3,000
Solution :
Profit and Loss Account
Khanal and Company
for the year ended 31st Asar, 2072
Dr. Cr.
Particulars Amount Particulars Amount
To Advertisement expenses 5,000 By Gross profit 4,50,000
To Stationery 7,000 By Discount received 9,000
To Depreciation 2,000
To Salary 90,000
To Interest 15,000
To Legal charge 3,000
To Net profit c/d 3,37,000
Total 4,59,000 Total 4,59,000
10. Prepare a Profit and Loss Account of Kamal Industry Limited for the
end of Ashad 2072 from the following particulars:
Gross profit 1,00,000 Salaries 40,000
Trade expenses 5,000 Bank charges 500
Commission received 10,000 Discount on sales 3,000
House rent received 25,000 Interest expenses 15,000
Interest received 2,000 Traveling expenses 11,000
Office Practice and Accounting 10 97
