11. From the following information, prepare Profit & LOSs Account for the year ended 31st March, 2024:
| ₹ | ₹ | ||
|---|---|---|---|
| Gross Profit | 1,30,000 | Discount Received | 6,000 |
| Rent | 5,000 | Printing and Stationery | 14,000 |
| Salary | 35,000 | Legal Charges | 10,000 |
| Commission Paid | 19,000 | Office Expenses | 2,000 |
| Interest on Loan | 5,000 | Loss by Fire | 6,000 |
| Advertisement | 8,000 | Depreciation | 4,000 |
| Interest Received | 8,000 | Miscellaneous Income | 2,000 |
| Discount Allowed Ac | 2,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-11
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
Answer :