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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.

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.

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process
Section: Chapter Questions
Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...
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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.
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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