Tho position of Manmoji Lal's business as on 1st April, 2018 was as follows, Sundary Creditors Rs. 1,70,000, Freehold Premises Rs. 5,00,000, Stock Rs. 2,50,000, Sundry Debtors Rs. 2,00,000, Furniture Rs. 20,000. An abstract of the Cash Book is given below: Additional Information: Closing Stock Rs. 3,00,000, Closing Debtors Rs. 2,50,000, Closing Creditors Rs. 1,20,000. No additons were made during the year to Premises and Furniture Account, but they to be depreciated @10% and 15% respectively. A Bad Debts Probision of 2(1)/(2)% is to raised. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and the Balance Sheet as on that date.

Tho position of Manmoji Lal's business as on 1st April, 2018 was as fo

1.	Tho position of Manmoji Lal's business as on 1st April, 2018 was as follows, Sundary Creditors Rs. 1,70,000, Freehold Premises Rs. 5,00,000, Stock Rs. 2,50,000, Sundry Debtors Rs. 2,00,000, Furniture Rs. 20,000. An abstract of the Cash Book is given below: Additional Information: Closing Stock Rs. 3,00,000, Closing Debtors Rs. 2,50,000, Closing Creditors Rs. 1,20,000. No additons were made during the year to Premises and Furniture Account, but they to be depreciated @10% and 15% respectively. A Bad Debts Probision of 2(1)/(2)% is to raised. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and the Balance Sheet as on that date.
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