amount of net profit before charging such commission

amount of net profit before charging such commission (ii) amount of profit after charging such commission. (i) Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding wages , Gross profit c/d , , , , , Salaries , Gross profit , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , Depreciation – Furniture commission , Add Further bad debts , , Provision for doubtful debts Provision for discount on debtors Manager’s commission , Net profit (transferred to , Ankit’s capital account) , , Balance Sheet of Ankit as at March , Liabilities Assets Owners Funds Non-Current Assets Add Net profit , , Less Depreciation ( , ) , Non-Current Liabilities Current Assets Long-term loan , Less Further bad debts( , ) , Less Provision for Current Liabilities and Provisions doubtful ( ) debts , Less Provision for discount on debtors ( ) , Outstanding wages Prepaid salary Rent received in advance Accrued commission Bank Cash Manager’s commission , outstanding , , (ii) Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding wages , Gross profit c/d , , , , , Salaries , Gross profit b/d , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , Depreciation–Furniture commission , Ad d Further bad debts , , Provision for doubtful debts Provision for discount on debtors Manager’s commission , Net profit (transferred to Ankit’s capital account) , , , Balance Sheet of Ankit as at March , Liabilities Assets Owners Funds Non-Current Assets Add Net profit , , Less Depreciation ( , ) , Non-Current Liabilities Long-term loan Current Assets , Less Further bad debts ( , ) , Less Provision for doubtful ( ) debts , Less Provision for Current Liabilities and Provisions discount on debtors( ) , Prepaid salary Outstanding wages Accrued commission Bank Rent received in advance Cash Manager commission outstanding , , ,