Page 118 - Office Practice and Accounting 10

Interest on drawing 3,000 Commission received 9,000
Depreciation 15,000 Advertisement 25,000
Ans: Net Profit 1,93,000
10. Prepare a profit and loss account of Laxmi Company as on 31st Chaitra
from the following transactions.
Bad debts recovered 95,000
Commission earned 40,000
Gross profit 30,000
Sundry income 35,000
Office rent 30,000
Interest from investment 50,000
Dividend received 45,000
Salary 2,00,000
Ans: Net Profit 65,000

11. Prepare profit and loss account of Baltra Company for the year ended
31st Ashad, 2071 according to the following particulars.
Gross loss 2,25,000
Discount on sale 60,000
Rent from tenant 18,000
Audit fee 6,000
Discount on purchase 34,000
Staff salary 75,000
Interest on deposit 10,000
Ans: Net Loss 3,04,000
12. Prepare profit and loss account of Mechi Furniture Industry for the
fiscal year last of Ashar 2071/072 from the given particulars.

Particulars Amount (Rs.)
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 2,47,000

112 Office Practice and Accounting 10