Analysis
Of Financial Statements Ts
Grewal 2021-2022
for Class 12
Commerce | Accountancy
Chapter
1 - Financial Statements Of A Company
Page No 1.68:
Question 36:
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.
Page No 1.68:
Question 37:
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.
Page No 1.68:
Question 38:
From the following information of Best Marketing Ltd. for the year
ended 31st March, 2019 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 |
|
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