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Accounting Ratios 3.45
13. Following is the Statement of Profit & Loss of Rajasthan Product Limited for the year ended
31st March, 2024 and Balance Sheet as at that date:
STATEMENT OF PROFIT & LOSS for the year ended 31st March, 2024
Particulars Note No. `
I. Revenue from Operations (Sales) 10,00,000
II. Other Income 50,000
III. Total Revenue 10,50,000
IV. Expenses:
Cost of Materials Consumed 1 2,00,000
Employees Benefit Expenses 2 2,00,000
Finance Costs 10,000
Other Expenses 3 2,55,000
Total Expenses 6,65,000
V. Profit for the Period (III – IV) 3,85,000

BALANCE SHEET as at 31st March, 2024
Particulars Note No. `
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 2,00,000
(b) Reserves and Surplus 1,00,000
2. Non-Current Liabilities
Long-term Borrowings 2,00,000
3. Current Liabilities
Trade Payables 1,50,000
Total 6,50,000
II. ASSETS
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets—Property, Plant and Equipment 2,50,000
2. Current Assets
(a) Inventories 2,50,000
(b) Trade Receivables 1,00,000
(c) Cash and Cash Equivalents 50,000
Total 6,50,000

Notes to Accounts
Particulars `
1. Cost of Materials Consumed:
Opening Stock 1,50,000
Add: Purchases 3,00,000
4,50,000
Less: Closing Stock 2,50,000
2,00,000
2. Employees Benefit Expenses:
Wages 2,00,000
3. Other Expenses:
(a) Manufacturing Expenses 1,00,000
(b) Administrative Expenses 50,000
(c) Selling and Distribution Expenses 50,000
(d) Loss on Sale of Fixed Assets 55,000
2,55,000