Prepare a value added statement for the year

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Reference no: EM132472526

Prepare a value added statement for the year ended on 31-3-2012 and also reconciliation and GVA.

Particulars	Amount Rs

Sales	24,400
Other income	508
	24,908
Less: Expenditure
Operating cost	21,250
Excise duty	1,110
Interest on bank overdraft	75
Interest on debenture	1,200
Depreciation	405
PROFIT BEFORE TAX	868
LESS: provision for tax	(320)
PROFIT AFTER TAX	548
Less: Proposed dividend	(48)
RETAINED PROFIT	500

Additional information

1) Sales represents net sales after adjusting discount and returns.

2) Bank overdraft is temporary.

3) Operating to cost include Rs 8250 thousands as wages, salaries, and other benefit to employe

Reference no: EM132472526

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