From the following information, prepare a profit and loss account for the year ending March 31, 2005.
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From the following information, prepare a profit and loss account for the year ending March 31, 2005.
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Gross profit Rent Salary Commission paid Interest paid on loan Advertising Discount received Printing and stationery Legal charges Bad debts Depreciation Interest received Loss by fire Rs. 60,000 5,000 15,000 7,000 5,000 4,000 3,000 2,000 5,000 1,000 2,000 4,000 3,000
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