Question

From the following information, prepare Note to Accounts on Employees Benefit Expenses:
Wages ₹ 2,70,000; Salaries ₹ 3,60,000; Staff Welfare Expenses 60,000; Printing and Stationery Expenses ₹ 20,000 and Business Promotion Expenses ₹ 50,000.

Answer 1

NOTES TO ACCOUNTS

Note No.	Particulars		Amount (Rs)
	Employees Benefit Expenses
	Wages	2,70,000	6,90,000
	Salaries	3,60,000
	Staff Welfare Expenses	60,000
	Amount to be shown in the Statement of Profit and Loss		6,90,000

*Amount spent on promotion of business and printing & Stationary expenses are not included in Employees Benefit Expenses.