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Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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![Rs.
Rs.
|Capital Account
15,250
Purchases
73,010
Returns inwards
1,076
| Returns outwards
Sales
| Carriage inwards
Carriage outwards
Salesman's commission
Salesman's salary
|Office salaries
Bank charges
Interest on deposits
Light and heat
Sundry expenses
Rent
Insurance
Printing and postage
Advertising
Bad debts
Opening stock
3,720
126,066
2,930
1,762
711
3,970
7,207
980
300
2,653
2,100
1,791
1,044
2,103
4,000
3,315
7,650
10,760
Accounts receivables
Accounts payables
Cash in hand
|Cash at bank
Motor expenses
Furniture and equipment
Depreciation
Loan account
7,411
14,393
8,305
986
8,000
3,000
9,000
Closing stock has been valued for accounting purposes at Rs. 3,840.
Required:
Prepare Statement of comprehensive income for the year ended 30 June, 2020.](https://content.bartleby.com/qna-images/question/e34549ed-2247-4c69-b37a-eae378188faa/a901e29f-1368-4401-97bf-4291351a105a/xpvt6ni_thumbnail.png)
Transcribed Image Text:Rs.
Rs.
|Capital Account
15,250
Purchases
73,010
Returns inwards
1,076
| Returns outwards
Sales
| Carriage inwards
Carriage outwards
Salesman's commission
Salesman's salary
|Office salaries
Bank charges
Interest on deposits
Light and heat
Sundry expenses
Rent
Insurance
Printing and postage
Advertising
Bad debts
Opening stock
3,720
126,066
2,930
1,762
711
3,970
7,207
980
300
2,653
2,100
1,791
1,044
2,103
4,000
3,315
7,650
10,760
Accounts receivables
Accounts payables
Cash in hand
|Cash at bank
Motor expenses
Furniture and equipment
Depreciation
Loan account
7,411
14,393
8,305
986
8,000
3,000
9,000
Closing stock has been valued for accounting purposes at Rs. 3,840.
Required:
Prepare Statement of comprehensive income for the year ended 30 June, 2020.
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Auditing: A Risk Based-Approach (MindTap Course L...
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ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning