Scribd Logo
Upload

Welcome to Scribd!

  • Pand L

    Uploaded by

    Shruti Rastogi
    5 views1 page
    Paradox Ltd's profit and loss account for 1 April 2022 shows an opening stock of Rs. 20,38,750 comprising shirts worth Rs. 17,31,250 and trousers worth Rs. 3,07,500. Sales were Rs. 9,83,500 while purchases amounted to Rs. 3,27,000, resulting in a gross profit of Rs. 7,00,142.86. After deducting indirect expenses of Rs. 2,39,320 including depreciation, discount allowed and rent, and adding indirect incomes of Rs. 17,800 from discount received, the net profit was Rs. 4,78,622.86.

    Original Description:

    Original Title

    PandL

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Paradox Ltd's profit and loss account for 1 April 2022 shows an opening stock of Rs. 20,38,750 comprising shirts worth Rs. 17,31,250 and trousers worth Rs. 3,07,500. Sales were Rs. 9,83,500 while purchases amounted to Rs. 3,27,000, resulting in a gross profit of Rs. 7,00,142.86. After deducting indirect expenses of Rs. 2,39,320 including depreciation, discount allowed and rent, and adding indirect incomes of Rs. 17,800 from discount received, the net profit was Rs. 4,78,622.86.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Pand L

    Uploaded by

    Shruti Rastogi
    Paradox Ltd's profit and loss account for 1 April 2022 shows an opening stock of Rs. 20,38,750 comprising shirts worth Rs. 17,31,250 and trousers worth Rs. 3,07,500. Sales were Rs. 9,83,500 while purchases amounted to Rs. 3,27,000, resulting in a gross profit of Rs. 7,00,142.86. After deducting indirect expenses of Rs. 2,39,320 including depreciation, discount allowed and rent, and adding indirect incomes of Rs. 17,800 from discount received, the net profit was Rs. 4,78,622.86.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Paradox Ltd.

    Chanakyapuri

    Profit & Loss A/c


    For 1-Apr-22

    Particulars For 1-Apr-22 Particulars For 1-Apr-22

    Opening Stock 20,38,750.00 Sales Accounts 9,83,500.00


    Shirt 17,31,250.00 Sales A/c 9,83,500.00
    Trouser 3,07,500.00
    Closing Stock 20,82,392.86
    Purchase Accounts 3,27,000.00 Shirt 16,42,750.00
    Purchase A/c 3,27,000.00 Trouser 4,39,642.86

    Gross Profit c/o 7,00,142.86

    30,65,892.86 30,65,892.86

    Indirect Expenses 2,39,320.00 Gross Profit b/f 7,00,142.86


    Depreciation 1,50,000.00
    Discount Allowed 44,320.00 Indirect Incomes 17,800.00
    Rent 40,000.00 Discount Received 17,800.00
    Salary A/c 5,000.00

    Nett Profit 4,78,622.86

    Total 7,17,942.86 Total 7,17,942.86

    You might also like