[ISC] Q 5 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 5 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
From the following information, prepare Profit & Loss Account of Sohan for the year ended 31st March, 2023:
| Salaries and Wages Commission Paid Postage Insurance Interest Paid Carriage Outwards | 3,000 200 150 300 400 500 | Advertising Discount Allowed Rent Received Interest on Investment Bad Debts Brokerage Paid | 1,000 1,800 1,700 1,500 900 95 |
The Gross Profit was 45% of Sales, which amounted to ₹ 65,000.
Solution:-
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