12th | Volume 3 | Chapter:1 | Question No. 31 to 33 | Financial Statements of A Company | Ts grewal 12th Accounts Solution 2022-2023

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