1.

The following trial balance is extracted from the books of M/s Ram on March 31, 2011. You are required to prepare Trading and Profit and Loss account and the balance sheet as on date Account TitleAmt. (Rs.)Account TitleAmt. (Rs.)Debtors12,000Apprenticeship Premium 5,000Purchase50,000Loan10,000Coal, Gas and Water 6,000Bank Overdraft 1,000Factory Wages11,000Sales80,000Salaries 9,000Creditors13,000Rent 4,000Capital20,000Discount 3,000Advertisement 500Drawings 1,000Loan 6,000Petty Cash 500Sales Return 1,000Machinery 5,000Land and Building10,000Income tax 100Furniture 9,900

Answer»

The following trial balance is extracted from the books of M/s Ram on March 31, 2011. You are required to prepare Trading and Profit and Loss account and the balance sheet as on date

Account TitleAmt. (Rs.)Account TitleAmt. (Rs.)Debtors12,000Apprenticeship Premium 5,000Purchase50,000Loan10,000Coal, Gas and Water 6,000Bank Overdraft 1,000Factory Wages11,000Sales80,000Salaries 9,000Creditors13,000Rent 4,000Capital20,000Discount 3,000Advertisement 500Drawings 1,000Loan 6,000Petty Cash 500Sales Return 1,000Machinery 5,000Land and Building10,000Income tax 100Furniture 9,900



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