2. Current assets
Options
AInventories
58.00
BTrade receivables
65.00
CCash and cash equivalents
14.00
Total
733.00
Shivam Limited
Statement of Profit and Loss for the year ended 31st March 2024
Particulars
Notes
` (in ‘000)
I.
Revenue from operations
473.00
II.
Other Income
5
1.00
III.
Total Income
474.00
IV.
Expenses:
Purchases
226.00
Finance costs
14.00
Depreciation and Amortisation expenses (10%
of 510∗)
51.00
Other expenses
6
82.00
∗ 520 (Plant and machinery at cost) – 10 (Cost of plant and machinery sold)
ADVANCED ACCOUNTING
Total Expenses
373.00
V.
Profit before Tax (III-IV)
101.00
Tax Expense:
Current tax
(30.30)
Profit for the period (after tax)
70.70
Notes to accounts
` (in 000)
D
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