amount of net profit before charging such commission
Chapter 10: Financial Statements - II · ACCOUNTANCY · EN medium
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(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
📖 Accounts 10 (1) · Page 19
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(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
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