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Question 51 Chapter 1 VK Publications Class 12 Part 2 - 2021
51. Present the following items in the Statement of Profit and Loss and calculate total revenue from operations of a manufacturing company from the following information for the year ended 31st March, 2018:
Sales Rs. 4,68,000, Sales Return Rs. 18,000, Sale of Scrap Rs. 2,250,
Interest on Securities Rs. 2,700, Dividend Earned Rs. 900.
Statement of Profit and Loss for the year ended 31st , March 2018 :
| Particulars | Note No. | 31st March 2018Rs. | 31st March 2017Rs. |
|---|---|---|---|
| I. Revenue from Operations | 1 | 4,52,250 | |
| II.Other Incomes | 2 | 3,600 | |
| III.Total Revenue from Operations (I+II) | 4,55,850 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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