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प्रश्न
Name the financial statement prepared by a Not-For-Profit Organisation on accrual basis.
उत्तर
Income and Expenditure Account is prepared by a Not-For-Profit Organisation on accrual basis.
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संबंधित प्रश्न
The motto of Yash Ltd., an advertising company is 'Service with Dignity'. Its management and workforce is hard-working, honest and motivated. The net profit of the company doubled during the year ended 31-3-2014. Encouraged by its performance company decided to give one-month extra salary to all its employees. Following is the Comparative Statement of Profit and Loss of the company for the years ended 31st March 2013 and 2014.
| Yash Ltd Comparative Statement of Profit and Loss |
|||||
| Particulars | Note No. |
2012-13 Rs |
2013-14 Rs |
Absolute Rs |
% Change |
|
Revenue from operations Less Employee benefit expenses Profit before tax Tax Rate 25% Profit after tax |
10,00,000 6,00,000 4,00,000 1,00,000 3,00,000 |
15,00,000 7,00,000 8,00,000 2,00,000 6,00,000 |
5,00,000 1,00,000 4,00,000 1,00,000 3,00,000 |
50 16.67 100 100 100 |
|
1) Calculate net Profit Ratio for the years ending 31st March, 2013 and 2014.
2) Identify any two values which Yash Ltd. is trying to propagate
Calculate the Net Profit Ratio (up to two decimal places) from the following information:
Particulars Rs.
Gross profit 80,000
Salary and rent 30,000
Interest on Debentures 5,000
Gain on sale of furniture 2,000
Revenue from Operations 4,00,000
