Illustration 5.
From the illustration no. 4 information calculate operating profit.
Sol.
Operating profit = Net profit – non operating income (income from investment) + non operating expenses (loss by fire and interest paid on long term loan)
= 30,950–3,000+2,200+5,000
= Rs 35,150
Illustration No 6.
Following is the Trial Balance of Aradhya Trader as on 31st March, 2011.
Prapare the Trading and Profit and Loss Account for the year ended 31st March, 2011 and the Balances Sheet as at that date.
Trading and Profit and Loss Account (for the year ended 31st March, 2011)
CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari )
Email Id : [email protected]
