Question

From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.

Answer 1

NOTES TO ACCOUNTS

Note No.	Particulars		Amount (₹)
	Employees Benefit Expenses
	Wages	5,40,000
	Salaries	7,20,000
	Bonus	1,05,000
	Staff Welfare Expenses	60,000	14,25,000
	Amount to be shown in the Statement of Profit and Loss		14,25,000

*Amount spent on promotion of business is not included in Employees Benefit Expenses.