The Profit and Loss Account for the year ended 31st December 2017 of D Q Holidays Limited, a company which provides holidays at several resorts in Jammu and Kashmir is as follows: (all figures in ₹).

The managing director has complained to you, as chief accountant, that the form of presentation of this Profit and Loss Account does not tell him where or why the net loss has been incurred and is of little use for management purposes.

You are required to redesign the Profit and Loss Account, using also the information given below, so that it will overcome the complaints of the managing director. You are given the following information:

1. The public book their holidays with the company through local travel agents who were paid a commission of 10% of the gross price of the holiday.

2. Holidays were offered at six resorts in Jammu and Kashmir, namely P, Q, R, S,T and U.

3. Only one hotel was used in each resort.

4. Flights were from Delhi Airport to three airports in Jammu and Kashmir, as follows:

Separate coaches were used for the journey from the Airport to each resort hotel. The annual costs of these were: To Resort :Separate coaches were used for the journey from the Airport to each resort hotel. The annual costs of these were: To Resort :

Sales of holidays at the various resorts were:

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Agents' commission Hire of aeroplanes Coaches from airport to resort Hotel accommodation Salary & expenses of resort representatives Brochures, advertising, head office and common costs 90,600 Sales of holidays 1,05,000 Net loss for the year 7,000 5,81,400 32,000 1,00,000 9,16,000 9,06,000 10,000 9,16,000