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Trial Balance of Gopal as at 31st March, 2019 was as follows : Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance sheet as at that date following adjustments : (i) Stock on 31st march, 2019 was Rs62,750. (ii) Depreciation on furniture is to be charged @10%. (iii) Sundry Debtors include an amount of Rs2,500 due from a customer who has become insolvent. (iv) The remaining debtors are not considered to be doubtful of recovery. (v) Goods costing Rs7,500 plus IGST@12% were destroyed by fire and insurance company admitted a claim for Rs 8,000 (vi) Received goods from Rahul & Co. of Rs 6,000 plus IGST @12% on 27th March. 2019 but the invoice of purchase was not recorded in the Puchases Book. |
Answer» SOLUTION : 
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