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Preparation of financial statements from income record
Accountancy
How to calculate net profit?? Book back sum pg no:273
Answers (9)
It's the same as profit and loss account, but there you do it in ledger format like in debit side To expenses and credit side By incomes. Here, you will calculate the total of Incomes and you will deduct it from Total of expenses writing in a line wise format..,
Pundareekaksha Guptha P
It's the same as profit and loss account, but there you do it in ledger format like in debit side To expenses and credit side By incomes. Here, you will calculate the total of Incomes and you will deduct it from Total of expenses writing in a line wise format..,
Bro, please help to derive net profit?? 1602
Pundareekaksha Guptha P
It's the same as profit and loss account, but there you do it in ledger format like in debit side To expenses and credit side By incomes. Here, you will calculate the total of Incomes and you will deduct it from Total of expenses writing in a line wise format..,
I am sorry ð???. My assumption is wrong.
Pundareekaksha Guptha P
Here it is..!
Bro, 5%interest allowed on capital?? Why didn't taken this entryð?¤?
Thread Starter
Merfi MufiBro, 5%interest allowed on capital?? Why didn't taken this entryð?¤?
Interest on capital will included in the capital at the end i.e., 31 match 2015. So, no need for reconsidering it..!
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