The following information is provided to you: Sales Rs 500,000 Material consumed Rs 150,000 Carriage on purchase Rs 30,000 Administrative expenses Rs…
2023 · Solved Question with Answer
The following information is provided to you:
| Sales | Rs 500,000 |
| Material consumed | Rs 150,000 |
| Carriage on purchase | Rs 30,000 |
| Administrative expenses | Rs 40,000 |
| Wages and salaries | Rs 60,000 |
| Interest on loan | Rs 20,000 |
| Dividend received | Rs 10,000 |
| Depreciation on equipment | Rs 30,000 |
| Income tax paid | Rs 10,000 |
Required:
(a) Value added statement and
(b) Net profit for the year