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Q6. From the following data of M/s. Laxman & Sons, prepare Trial Balance, Trading and Profit and Loss account for the year ending on 31st March 2020 and the Balance Sheet as onthe date:Balances as on 31st March 2020*1.1052.6003.4.5.Opening StockPurchasesDiscount allowedWagesSalesSalariesTravellingexpensesCommissionCarriage inward5,000 10. Administration expenses16,750 11. Trade expenses1,300 12. Interest6,500 13. Building30,000 14. Furniture2,000 15. Debtors400 16. Creditors425 17. Capital275 18. Cash6.25050002004,2502,10013,0002,0457.8.9.Stock on 31st March 2020 was valued at 36,000.​

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