From the following balance extracted from the books of accounts of Solid Steels Limited as on 31st
Question:
From the following balance extracted from the books of accounts of Solid Steels Limited as on 31st March 2017, prepare the statement of profit and loss.
The closing stock as on 31st March 2017:
Transcribed Image Text:
Particulars Amortisation Bank charges Contribution to employees funds Depreciation on tangible assets Dividend received Exceptional expenses Freight outwards Handling cost Interest earned Interest paid Loss on sales of asset Other expenses Other comprehensive income- Items that will be classified to profit and loss (credit) Other comprehensive income- Items that will not be classified to profit and loss (debit) Power and fuel Repair and maintenance (in Crore) 12 14 212 331 23 6 356 130 180 191 12 809 80 20 462 168 Particulars Provisions and write off Raw material purchased Salary and wages Sale of scrap Sale of steel Stock in trade purchased Stores and spare parts Tax expenses Training and development cost Opening stock - Raw material - Work in progress - Finished goods Tax on OC-Items that will be classified to profit and loss (Dr) Tax on OCI-Items that will not be classified to profit and loss (Cr) (in Crore) 17 8332 1120 235 13120 233 518 258 34 557 328 205 22 6
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