A customer's cheque of Rs 5,000 was return with the bank statement marked NSF. Collection of notes receivable for Rs 4,000 and interest on investment…
2024 · Solved Question with Answer
A customer's cheque of Rs 5,000 was return with the bank statement marked NSF.
Collection of notes receivable for Rs 4,000 and interest on investment Rs 2,000
Bank charge Rs 2,000 for the service provided by the bank
Bank paid Rs 11,000 but the company recorded Rs 16,000 in its statement. Required: Bank reconciliation statement
The following particulars are extracted from the trial Balances of a manufacturing firm.
| Tax paid | 70,000 |
| Dividend paid | 30,000 |
| Office supplies | 90,000 |
| Dividend received | 30,000 |
| Sales | 1,200,000 |
| Sundry debtors | 180,000 |
| Raw material purchase | 550,000 |
| Factory overheads | 100,000 |
| Manpower cost | 250,000 |
| Selling overhead | 50,000 |
| Capital employed | 600,000 |
| Depreciation expenses | 60,000 |
| Interest expenses | 20,000 |
| Motive power | 10,000 |
Required: (a) Value-added statement and (b) Net profit for the year