Question - 08

Prepare Profit and Loss Account of Anand Betra from the given balances for the year ending 31st March 1997.

Gross Profit Rs. 14,200
Salaries Rs. 2,400
Carriage on sales Rs. 270
Printing Rs. 130
Office exp. Rs. 400
Rent (Cr.) Rs. 200
Discount (Dr.) Rs. 100