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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