From the following information of Astha Ltd. for the year ended 31st March 2015, prepare Notes to Accounts on Employee Benefit Expenses:

(i) Wages Rs. 5,20,000

(ii) Medical Expenses Rs. 30,000

(iii) Salaries Rs. 7,40,000

(iv) Printing and Stationery Rs. 15,000

(v) Business Promotion Expenses Rs. 50,000

(vi) Gratuity Paid Rs. 1,50,000

(vii) Contribution to Provident Fund Rs. 1,10,000

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Solution

$\begin{matrix} Particulars & Amount (R s .) Employee Benefit Expenses: Wages & 5, 20, 000 Medical Expenses & 30, 000 Salaries & 7, 40, 000 Gratuity Paid & 1, 50, 000 Contribution to Provident Fund & 1, 10, 000 - -------- - 15, 50, 000 - --------- - \end{matrix}$

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Q. From the following information, prepare Note to Accounts on Employees Benefit Expenses:
Wages ₹ 2,70,000; Salaries ₹ 3,60,000; Staff Welfare Expenses 60,000; Printing and Stationery Expenses ₹ 20,000 and Business Promotion Expenses ₹ 50,000.

Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information :

$\begin{matrix} Particulars & 31 - 03 - 2018 & 31 - 03 - 2017 (Rs.) & (Rs.) Revenue from Operations & 8, 00, 000 & 5, 00, 000 Purchase of Stock in Trade & 4, 20, 000 & 2, 40, 000 Changes in Inventories & 80, 000 & 60, 000 {Employee Benefit Expenses}^{*} & 20, 000 & 40, 000 Other Expenses & 40, 000 & 30, 000 Income Tax & 50 % & 40 % \end{matrix}$

* Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.

From the information given below, draft receipts and Payments Account of Friends club, Delhi, for the year ended March 31, 2013:
Cash on April 1, 2012 Rs 3,600, Subscriptions Rs 37,600, donations Rs 8000, Entrance Fees Rs 4,300, Rent Realized from club Hall Rs 5,250, Electric charges Rs 3,440, Taxes Rs 500, Salaries and wages Rs 21,500, Honorarium to secretary Rs 2,500, Interest Received on Investments Rs 2,950, Printing and Stationery Rs 350, Pretty cash Payments Rs 100, Insurance Premium Paid Rs 310.

From the following particulars, prepare Income and Expenditure account:

Details	Amount Rs
Fees collected, including Rs 80,000 on account of the previous year	5,20,000
Fees for the year outstanding	30,000
Salary paid , including Rs 5,000 on account of the previous year	68,000
Salary outstanding at the end of the year	3,000
Entertainment expenses	8,000
Tournament expenses	25,000
Meeting Expenses	18,000
Traveling Expenses	7,000
Purchase of Books and Periodicals, including Rs 31,000 for purchase of Books	40,000
Rent	15,000
Postage, telegrams and telephones	6,000
Printing and Stationery	18,000
Donations received	25,000

Following is the statement of Profit and Loss of Sun India Ltd. for the year ended 31st March, 2015 :

$\begin{matrix} Note & 31 - 03 - 2015 & 31 - 03 - 2014 Particulars & No & (Rs.) & (Rs.) Revenue from Operations & 25, 00, 000 & 20, 00, 000 Other Incomes & 1, 00, 000 & 5, 00, 000 Employee benefit expenses : & 60 % of Total Revenue & 50 % of Total Revenue Other Expenses & 10 % of Employee & 20 % of Employee benefits expenses & benefits expenses Tax Rate & 50 % & 40 % \end{matrix}$

You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd. from the given statement of Profit and Loss.

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ParticularsAmount(Rs.)Employee Benefit Expenses: Wages5,20,000 Medical Expenses30,000 Salaries7,40,000 Gratuity Paid1,50,000 Contribution to Provident Fund1,10,000––––––––––15,50,000–––––––––––

$\begin{matrix} Particulars & Amount (R s .) Employee Benefit Expenses: Wages & 5, 20, 000 Medical Expenses & 30, 000 Salaries & 7, 40, 000 Gratuity Paid & 1, 50, 000 Contribution to Provident Fund & 1, 10, 000 - -------- - 15, 50, 000 - --------- - \end{matrix}$