1.

From the following trial balance of a k saraf , prepare trading account and profit and loss account for the year ended 31 March 2018 and a balance sheet on that date

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RS 20 LAKH

The retirement gratuity payable is 16 times the basic pay SUBJECT to maximum of Rs 20 lakh. In case of DEATH of an employee, the gratuity is paid based on the length of service, where the maximum benefit is restricted to Rs 20 lakh

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