1.

Prepare Trading and Profit and Loss account and Balance Sheet as on march 31, 2011 Account TitleAmt. (Rs.)Account TitleAmt. (Rs.)Machinery27,000Capital60,000Sundry Debtors21,600Bills Payable 2,800Drawings 2,700Sundry Creditors 1,400Purchase58,500Sales73,500Wages15,000Sundry Expenses 600Rent and Taxes 1,350Carriage Inwards 450Bank 4,500Opening Stock 6,000 Closing stock, as on March 31, 2011 ₹ 22,400

Answer»

Prepare Trading and Profit and Loss account and Balance Sheet as on march 31, 2011

Account TitleAmt. (Rs.)Account TitleAmt. (Rs.)Machinery27,000Capital60,000Sundry Debtors21,600Bills Payable 2,800Drawings 2,700Sundry Creditors 1,400Purchase58,500Sales73,500Wages15,000Sundry Expenses 600Rent and Taxes 1,350Carriage Inwards 450Bank 4,500Opening Stock 6,000

Closing stock, as on March 31, 2011 ₹ 22,400



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