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The following is the trial balance of Mr. Deepak as on March 31, 2011. You are required to prepare Trading and Profit and Loss account and a Balance sheet as on date Account TitleAmt. (Rs.)Account TitleAmt. (Rs.)Drawings 36,000Capital2,50,000Insurance 3,000Bills Payable 3,600General Expenses 29,000Creditors 50,000Rent and Taxes 14,400Discount Received 10,400Lighting (Factory) 2,800Purchase Return 8,000Travelling Expenses 7,400Sales4,40,000Cash in Hand 12,600Bills Receivable 5,000Sunday Debtors1,04,000Furniture 16,000Plant and Machinery1,80,000Opening Stock 40,000Purchase1,60,000Sales Return 6,000Carriage Inwards 7,200Carriage Outwards 1,600Wages 84,000Salaries 53,000 Closing Stock Rs. 35,000. |
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Answer» The following is the trial balance of Mr. Deepak as on March 31, 2011. You are required to prepare Trading and Profit and Loss account and a Balance sheet as on date |
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