12th | Ts grewal 2021-2022 Question 36 to 38 | ch1 Financial Statement of a Company

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