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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 13poem

profit and net profit of Ankit for the year ended March 31, 2014. The redrafted

Chapter 9: Financial Statements - I · ACCOUNTANCY

profit and net profit of Ankit for the year ended March , . The redrafted trading and profit and loss account will look like as shown is shown in figure . . Trading and Profit and Loss Account of Ankit for the year ended March , Expenses/Losses Revenues/Gains , Gross profit c/d , , Gross profit b/d , Rent of building , Commission received Net Profit (transfered to capital account) , , Fig. . : Showing the computation of gross profit and net profit of Ankit

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ou have learnt that financial accounting is a→well-defined sequential activity which begins→with Journal (Journalising), Ledger (Posting), and→preparation of Trial Balance (Balancing and→Summarisation at the first stage). In the present→

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