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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 |
| Answer» <html><body><p><br/></p>Answer :1: Opening Stock; <a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>: Rs 40,000; <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a>: 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 <a href="https://interviewquestions.tuteehub.com/tag/350-308849" style="font-weight:bold;" target="_blank" title="Click to know more about 350">350</a>; 19: Rs 50,775; <a href="https://interviewquestions.tuteehub.com/tag/20-287209" style="font-weight:bold;" target="_blank" title="Click to know more about 20">20</a>: 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; <br/> 28: Creditors ; 29: Rs 25,000; 30: Debtors; 31: Rs 45,000; 32: Closing ; 33: Rs 35,000; 34: Add: <a href="https://interviewquestions.tuteehub.com/tag/net-5194" style="font-weight:bold;" target="_blank" title="Click to know more about NET">NET</a> Profit; 35: Rs 38,925; 36:Rs 1,52,000; 37: Rs 90,000; 38 : Rs 1,77,000; 39 : Rs 1,77,000</body></html> | |