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In financial statements _ with adjustment chapter Prepare trading and profit & loss A/c Bank overdraft 2000 Deposits 4000 In which A/c these term can go-?
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In financial statements _ with adjustment chapter Prepare trading and ...
Loss Account for the year ended [insert date]
Particulars Amount (INR)
Sales xxx
Less: Cost of Goods Sold
Opening Stock xxx
Purchases xxx
Less: Closing Stock (xxx)
Direct Expenses xxx
Gross Profit xxx
Less: Operating Expenses
Salaries and Wages xxx
Rent xxx
Utilities xxx
Depreciation xxx
Other Expenses xxx
Operating Profit xxx
Add: Other Income xxx
Less: Other Expenses xxx
Net Profit before Tax xxx
Less: Tax Expenses xxx
Net Profit after Tax xxx
The above is a simplified example of a Trading and Profit & Loss Account that can be prepared with adjustments. The specific figures and accounts will vary based on the company's financial data and adjustments required.
Particulars Amount (INR)
Sales xxx
Less: Cost of Goods Sold
Opening Stock xxx
Purchases xxx
Less: Closing Stock (xxx)
Direct Expenses xxx
Gross Profit xxx
Less: Operating Expenses
Salaries and Wages xxx
Rent xxx
Utilities xxx
Depreciation xxx
Other Expenses xxx
Operating Profit xxx
Add: Other Income xxx
Less: Other Expenses xxx
Net Profit before Tax xxx
Less: Tax Expenses xxx
Net Profit after Tax xxx
The above is a simplified example of a Trading and Profit & Loss Account that can be prepared with adjustments. The specific figures and accounts will vary based on the company's financial data and adjustments required.
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In financial statements _ with adjustment chapter Prepare trading and profit & loss A/c Bank overdraft 2000 Deposits 4000 In which A/c these term can go-?
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In financial statements _ with adjustment chapter Prepare trading and profit & loss A/c Bank overdraft 2000 Deposits 4000 In which A/c these term can go-? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about In financial statements _ with adjustment chapter Prepare trading and profit & loss A/c Bank overdraft 2000 Deposits 4000 In which A/c these term can go-? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In financial statements _ with adjustment chapter Prepare trading and profit & loss A/c Bank overdraft 2000 Deposits 4000 In which A/c these term can go-?.
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