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Trial Balance of A. B. Chandra as on 31-12-2019Amount (Cr.)750ParticularsCash in Hand40,0001.25083.00015.00010.000DrawingsOpening Stock (01/01/2018)WagesCash at BankInsuranceTrade ExpensesFurnitureBuildingsSalariesDiscount AllowedSales ReturnsPurchasesDebtorsAmount (Dr.)Particulars2,000 Discount Received2,800 Capital4,000 Purchases Returns2,000 Sales3,500 Creditors700 Bank Loan1,20020,00061,0005,0007503,00031,25010,0001,000Telephone ChargesBills Receivable1.800Total1,50,000-1.50,000The closing stock was valued at 12,000.You are required to prepare a Trading Account and a Profit and Loss Account for the yearending 31st December, 2019 and a Balance Sheet as on 31 December, 2019. |
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