This trading and profit & loss account shows the revenues and expenses of a business for the year ending March 31st 2022. It indicates the business had total sales of ₹12.5 million and closing stock of ₹2 million, against purchases of ₹10 million, wages of ₹200 thousand, and manufacturing expenses of ₹250 thousand. After advertising expenses of ₹100 thousand, rent of ₹200 thousand and salaries of ₹300 thousand, the net profit transferred was ₹3.45 million.
This trading and profit & loss account shows the revenues and expenses of a business for the year ending March 31st 2022. It indicates the business had total sales of ₹12.5 million and closing stock of ₹2 million, against purchases of ₹10 million, wages of ₹200 thousand, and manufacturing expenses of ₹250 thousand. After advertising expenses of ₹100 thousand, rent of ₹200 thousand and salaries of ₹300 thousand, the net profit transferred was ₹3.45 million.
This trading and profit & loss account shows the revenues and expenses of a business for the year ending March 31st 2022. It indicates the business had total sales of ₹12.5 million and closing stock of ₹2 million, against purchases of ₹10 million, wages of ₹200 thousand, and manufacturing expenses of ₹250 thousand. After advertising expenses of ₹100 thousand, rent of ₹200 thousand and salaries of ₹300 thousand, the net profit transferred was ₹3.45 million.
Particulars Amount Particulars Amount ₹ ₹ To Purchase A/c 10,00,000 By Sales A/c 12,50,000 To Wages 20,000 By Closing Stock 2,00,000 To Manufacturing 25,000 Expense To Gross Profit C/d 4,05,000 14,50,000 14,50,000 To Advertisement By Gross Profit B/d 4,05,000 Expense 10,000 To Rent 20,000 To Salary 30,000 To Net Profit Transferred to Profit/Loss Appropriation A/c 3,45,000 4,05,000 4,05,000