InterviewSolution
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The following trial balance is extracted from the books of M/s Ram on 31st March, 2016, You are required to prepare trading and profit and loss account and the balance sheet as on date. Name of AccountDebit (Rs.)Name of AccountCredit (Rs.)Debtors12,000Apprenticeship Premium 5,000Purchases50,000Loan10,000Coal, Gas and Water 6,000Bank Overdraft 1,000Factory Wages11,000Sales80,000Salaries 9,000Creditors13,000Rent 4,000Capital20,000Discount 3,000 Advertisement 500 Drawings 1,000 Loan 6,000 Petty Cash 500 Sales Return 1,000 Machinery 5,000 Land and Building10,000 Income Tax 100 Furniture 9,900 |
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Answer» The following trial balance is extracted from the books of M/s Ram on 31st March, 2016, You are required to prepare trading and profit and loss account and the balance sheet as on date. Name of AccountDebit (Rs.)Name of AccountCredit (Rs.)Debtors12,000Apprenticeship Premium 5,000Purchases50,000Loan10,000Coal, Gas and Water 6,000Bank Overdraft 1,000Factory Wages11,000Sales80,000Salaries 9,000Creditors13,000Rent 4,000Capital20,000Discount 3,000 Advertisement 500 Drawings 1,000 Loan 6,000 Petty Cash 500 Sales Return 1,000 Machinery 5,000 Land and Building10,000 Income Tax 100 Furniture 9,900 |
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