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What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ?
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What is the profit and cash balance available with PQR limited.(1). Re...
Profit and Cash Balance of PQR Limited
Total Expenses:
- Repair and Maintenance Expenses: -2000
- Electricity Expense Payable: -800
- Purchased Mobile: -6000
Total Income:
- Commission Received in Advance: 4000
- Loan Received from Relative: 10000
Total Expenses: -8800
Total Income: 14000
Profit = Total Income - Total Expenses
Profit = 14000 - 8800
Profit = 5200
Cash Balance = Total Income - Total Expenses
Cash Balance = 14000 - 8800
Cash Balance = 5200
Therefore, the profit and cash balance available with PQR Limited is Rs. 5200.
Explanation:
- Repair and Maintenance Expenses: These are expenses incurred for the upkeep of machinery, equipment, and other assets. The amount spent on repair and maintenance is Rs. 2000.
- Electricity Expense Payable: This is the amount due for the electricity consumed by the company. The outstanding amount is Rs. 800.
- Purchased Mobile: This is the cost incurred for the purchase of mobile phones. The cost of mobile phones is Rs. 6000.
- Commission Received in Advance: This is the amount received by the company in advance for the services to be rendered. The amount received is Rs. 4000.
- Loan Received from Relative: This is the amount borrowed from a relative. The amount borrowed is Rs. 10000.
The total expenses incurred by the company are Rs. 8800, and the total income earned by the company is Rs. 14000. Therefore, the profit earned by the company is Rs. 5200. The cash balance available with the company is also Rs. 5200.
Total Expenses:
- Repair and Maintenance Expenses: -2000
- Electricity Expense Payable: -800
- Purchased Mobile: -6000
Total Income:
- Commission Received in Advance: 4000
- Loan Received from Relative: 10000
Total Expenses: -8800
Total Income: 14000
Profit = Total Income - Total Expenses
Profit = 14000 - 8800
Profit = 5200
Cash Balance = Total Income - Total Expenses
Cash Balance = 14000 - 8800
Cash Balance = 5200
Therefore, the profit and cash balance available with PQR Limited is Rs. 5200.
Explanation:
- Repair and Maintenance Expenses: These are expenses incurred for the upkeep of machinery, equipment, and other assets. The amount spent on repair and maintenance is Rs. 2000.
- Electricity Expense Payable: This is the amount due for the electricity consumed by the company. The outstanding amount is Rs. 800.
- Purchased Mobile: This is the cost incurred for the purchase of mobile phones. The cost of mobile phones is Rs. 6000.
- Commission Received in Advance: This is the amount received by the company in advance for the services to be rendered. The amount received is Rs. 4000.
- Loan Received from Relative: This is the amount borrowed from a relative. The amount borrowed is Rs. 10000.
The total expenses incurred by the company are Rs. 8800, and the total income earned by the company is Rs. 14000. Therefore, the profit earned by the company is Rs. 5200. The cash balance available with the company is also Rs. 5200.
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What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ?
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What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ?.
What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the profit and cash balance available with PQR limited.(1). Repair and maintenance expenses -2000 (2).electricity expense payable - 800 (3).loan received from relative -10000 (4).purchased mobile -6000 (5).commission received In advance - 4000 ?.
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