Question: 39. From following information prepare Trading & Profit and loss account in the books of Amit for the year ended 31st December 2015: Opening stock

39. From following information prepare Trading & Profit and loss account in the books of Amit for the year ended 31st December 2015: Opening stock of finished goods 25,000 Cost of goods manufactured 8,50,000 Sales 12,00,000 Closing stock of finished goods 20,000 Rates and Taxcs 12,500 Salaries 50,000 Advertisement Bad debts Discount(Cr) Adjustments: 1.Outstanding salary 10,000 2.Interest on Investment 2,000 (Sem 1 oct 2016 SQ-GP-3,45,000;NP=2,67,000) 10,000 5,000 7,500

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