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The Trial Balance shows the following balances as at 31st March, 2019 Closing Stock was valued at Rs 35,000. Required: Complete the missing values of Trading Account, Profit and Loss Account and Balance Sheet

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Answer :1: Opening Stock; 2: Rs 40,000; 3: Sales Return ; 4: Rs 2,000; 5: Rs 1,25,500; 6: Purchases Return; 7: Rs 1,275; 8 : Rs 58,725; 9 : Closing Stock ; 10: Rs 35,000; 11: Rs 10,000; 12: Inwards; 13: Rs 1,000; 14: Rs 50,775; 15: Rs 1,60,500; 16: Rs 1,60,500; 17: Allowed; 18: Rs 350; 19: Rs 50,775; 20: Rs 100; 21: Received; 22: Rs 800; 23: Outwards; 24: Rs 1,200; 25: Rs 38,925; 26: Rs 51,575; 27: Rs 51,575;
28: Creditors ; 29: Rs 25,000; 30: Debtors; 31: Rs 45,000; 32: Closing ; 33: Rs 35,000; 34: Add: NET Profit; 35: Rs 38,925; 36:Rs 1,52,000; 37: Rs 90,000; 38 : Rs 1,77,000; 39 : Rs 1,77,000


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