Problem 1:-
* Mr.Gopal Started a new business with 1,25,000/-
* He opened a new bank account SBI Bank with Opening balance is 75,000/-
* Computer Purchased through bank 25,000/-
* Mobile Purchased 10,000/-
* Rent paid through bank 15,000/-
* Salary paid through bank 22,000/-
* Donation received 15,000/-
* Commission received through bank 10,500/-
* Computer Purchased 20,000/-
* Petty expenses 950/-
* Computer Purchased through bank 25,000/-
* Interest received through bank 15,500/-
* Mobile was sold 50% Profit.
Problem 2:-
* Mr.Rajesh Started a new business with 1,50,000/-
* He opened a two bank accounts HDFC Bank & Andhra Bank.
(HDFC Opening balance: 75,000/- Andhra Bank Opening balance:25,000/-)
* Furnisher Purchased through HDFC Bank 15,000/-
* Salary paid through Andhra Bank 12,000/-
* Commission Received through Andhra Bank 18,000/-
* Electronics parts Purchased through HDFC Bank 3,500/-
* Computer Purchased through HDFC Bank 28,000/-
* Petty income 750/-
* Power bill paid through Andhra Bank 1,250/-
* Computer was sold 20% loss.
* Interest Received through HDFC Bank 18,000/-
* Rent paid through Andhra Bank 10,000/-
sai teja
Hai sir 2nd sum prft 10000 is it . Write sirr
king p
yes
md
sai teja 2nd prob 30000 vastundi profit and loss
nuv electriparts under group fixed asset tisukunnava leda indirect expencess tisukunnava
king p
yes, me also getting same
Ram Raj
Sir what is the profit for second problem.
I take electronic parts as fixed assets as per accounting standard 9 my profit is 13500 is it right or wrong please reply me sir
md
sir plz anwer profit and loss account 2nd problem