[DK Goel] Q. 12 Financial Statements (without Adjustments) Solutions Class 11 CBSE (2025-26)
Solutions of Question number 12 of Chapter 20 Financial Statements (without Adjustments) DK Goel class 11 CBSE (2025-26)
Prepare Profit and Loss Account for the year ended 31st March, 2025 from the following particulars:-
| Particulars | ₹ | Particulars | ₹ |
| Advertisement | 30,000 | Gross Profit | 8,70,000 |
| Bank Charges | 1,700 | Carriage Outwards | 30,000 |
| Commission | 7,000 | Office Expenses | 25,000 |
| Rent, Rates and Taxes | 30,000 | Fire Insurance Premium | 20,000 |
| Interest on Investments | 21,000 | Telephone Expenses | 13,500 |
| Sundry Income | 6,000 | Establishment Expenses | 2,500 |
| Direct Expenses | 5,000 | Miscellaneous Expenses | 7,100 |
| Indirect Expenses | 2,100 | Discount Received | 6,200 |
| Printing and Stationery | 1,500 | Wages | 75,000 |
| Gnereal Expenses | 25,000 | Salary | 90,000 |
| Charity | 7,000 | Repair | 6,200 |
| Factory Lighting | 20,000 | Commission (Cr.) | 1,800 |
| Office Lighting | 2,000 | ||
| Law Charges | 5,800 |
[Ans. Net Profit – ₹ 5,98,600.]
Solution:-
Hint:- Interest on Investments is an income.
