Question 31:
From the following information of Best Marketing Ltd. for the year
ended 31st March, 2022 prepare Note to Accounts on Depreciation and
Amortisation Expenses:
Depreciation on: Building
` 15,500; Plant and Machinery `
25,000; Computers
` 60,000; Goodwill written off ` 7,500;
Patents written off
` 12,500.
Answer:
NOTES
TO ACCOUNTS
|
Note No. |
Particulars |
Amount ( `) |
|
|
|
Depreciation and Amortisation Expenses |
|
|
|
|
Depreciation |
|
|
|
|
Building |
15,500 |
|
|
|
Plant
and Machinery |
25,000 |
|
|
|
Computers |
60,000 |
1,00,500 |
|
|
Amortisation |
|
|
|
|
Goodwill written off |
7,500 |
|
|
|
Patents written off |
12,500 |
20,000 |
|
|
|
1,20,500 |
|
|
|
Amount to be shown in the Statement of Profit and Loss |
1,20,500 |
|
Question 32:
From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ` 5,40,000; Salaries ` 7,20,000; bonus ` 1,05,000; Staff Welfare Expenses ` 60,000 and Business Promotion Expenses ` 50,000.
Answer:
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount ( `) |
|
|
|
Employees Benefit Expenses |
|
|
|
|
|
|
|
|
|
Wages |
5,40,000 |
|
|
|
Salaries |
7,20,000 |
|
|
|
Bonus |
1,05,000 |
|
|
|
Staff Welfare Expenses |
60,000 |
14,25,000 |
|
|
|
|
|
|
|
Amount to be shown in the Statement of Profit and Loss |
14,25,000 |
|
|
|
|
|
|
*Amount spent on promotion of business is not included in Employees Benefit
Expenses.
Question 33:
From the following information, prepare Note to Accounts on
Employees Benefit Expenses:
Wages ` 2,70,000; Salaries ` 3,60,000; Staff Welfare Expenses
60,000; Printing and Stationery Expenses ` 20,000 and
Business Promotion Expenses ` 50,000.
Answer:
NOTES
TO ACCOUNTS
|
Note No. |
Particulars |
Amount ( `) |
|
|
|
Employees Benefit Expenses |
|
|
|
|
|
|
|
|
|
Wages |
2,70,000 |
|
|
|
Salaries |
3,60,000 |
|
|
|
Staff Welfare Expenses |
60,000 |
6,90,000 |
|
|
|
|
|
|
|
Amount to be shown in the Statement of Profit and Loss |
6,90,000 |
|
|
|
|
|
|
*Amount spent on promotion of business and printing & Stationary expenses
are not included in Employees Benefit Expenses.
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 12 / Volume – 3
Chapter 1 – Financial Statement of a Company
Question No. 1 To 5
Question No. 6 To 10
Question No. 11 To 15
Question No. 16 To 20
Question No. 21 To 25
Question No. 26 To 30
Question No. 31 To 33
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12th TS Grewal’s Accountancy Solutions