Financial AccountingTU Board 2023
The following information is provided to you: Sales revenue Rs 800,000 Purchase of materials Rs 220,000 Other supplies Rs 40,000 Fuel and power Rs 12,000 Manufacturing overheads Rs 48,000…
5The following information is provided to you:
Sales revenue Rs 800,000 Purchase of materials Rs 220,000 Other supplies Rs 40,000 Fuel and power Rs 12,000 Manufacturing overheads Rs 48,000 Administrative and selling overheads Rs 120,000 Income from investment Rs 25,000 Salary and wages Rs 50,000 Interest on bank loan Rs 10,000 Dividend distributed Rs 40,000 Depreciation on fixed assets Rs 15,000 Income tax Rs 60,000
Required: Value added statement showing net profit after tax.
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