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  • B Printer Limited Prepare Income Statement As Per The Schedule IV of

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    Yashi710
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    This document presents the income statement for B Printer Limited for the year ending 31 March 2012. It lists revenues from sales, rents, and miscellaneous receipts, as well as expenses including purchases, wages, salaries, rent rates and taxes, carriage, and general expenses. Additional information provided includes the closing stock valuation, outstanding wages, depreciation of plant and machinery, and income outstanding on investments.

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    COMPANY FINAL ACCOUNTS

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    This document presents the income statement for B Printer Limited for the year ending 31 March 2012. It lists revenues from sales, rents, and miscellaneous receipts, as well as expenses including purchases, wages, salaries, rent rates and taxes, carriage, and general expenses. Additional information provided includes the closing stock valuation, outstanding wages, depreciation of plant and machinery, and income outstanding on investments.

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    © All Rights Reserved
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    29 views1 page

    B Printer Limited Prepare Income Statement As Per The Schedule IV of

    Uploaded by

    Yashi710
    This document presents the income statement for B Printer Limited for the year ending 31 March 2012. It lists revenues from sales, rents, and miscellaneous receipts, as well as expenses including purchases, wages, salaries, rent rates and taxes, carriage, and general expenses. Additional information provided includes the closing stock valuation, outstanding wages, depreciation of plant and machinery, and income outstanding on investments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    01.

    B Printer Limited prepare Income Statement as per the Schedule IV of


    Companies Act, 2013 for the year ended 31.03.2012

    Share Capital 1,50,000


    12% Loan from BOB 58,000
    Land 80,000
    Plant & Machinery 1,36,000
    Investments 20,000
    Stock as on 01.04.2011 14,000
    Bank Balance 4,600
    Cash in Hand 5,160
    Sales 8,56,500
    Rent Rates & Taxes for 11 months 33,000
    Returns 12,000 14,000
    Office Expenses 10,400
    Purchases 3,82,000
    Audit Fees 7,500
    Meeting Expenses 13,800
    Staff Welfare Expenses 31,600
    Wages 21,800
    Salaries 66,000
    Discount 1,800 2,200
    Bad Debts 6,000
    Sundry Expenses 12,500
    10 % Debentures 2,00,000
    Carriage 17,460
    Miscellaneous Receipts 21,200
    8% Debentures 1,00,000
    Discount 6,260
    General Expenses 1,32,540
    12,08,160 12,08,160
    Additional Expenses:

    01. Closing Stock was valued at Rs.27,000


    02. Outstanding wages were Rs.6,000
    03. Depreciate Plant & Machinery by 10%
    04.Income outstanding on Investments @ 12%

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