Profit and Loss Account Prepare the Profit and Loss Account of Simranjit

Profit and Loss Account

Prepare the Profit and Loss Account of Simranjit Singh for the year ending 31st
March, 2019, from the following information
Oflice salaries
Travelling expenses
Discount received
Bad debts
Printing and stationery
Godown rent
Commission eamed
Advertising
Discount allowed
Insurance office
32.000 Trade expenses
25.000 Export duty
12.000 Postage and telegrams
24,000 Interest received
11.000 Interest paid
60.000 Rent of building sub-let
17.500 Legal charges
22.000 Audit lees
18,000 Office rent
5,000 Travellers salary
7.500 Trading account (0)
8,000
6,000
1,500
7,800
5,800
10,000
12,000
5,000
24,000
15,000
2,95,000​


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