Prepare trading and profit and loss account and balance sheet from the following particulars as on March
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Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2005.
Closing stock Rs. 30,000.
Transcribed Image Text:
Account Title Purchases and Sales Return inwards and Return outwards Carriage inwards Carriage outwards Fuel and power Opening stock Bad debts Debtors and Creditors Capital Investment Interest on investment Loan Repairs General expenses Wages and salaries Land and buildings Cash in hand Miscellaneous receipts Sales tax collected Debit Amount Rs. 3,52,000 9,600 7,000 3,360 24,800 57,600 9,950 1,31,200 32,000 2,400 17,000 28,800 2,88,000 32,000 Credit Amount Rs. 5,60,000 12,000 48,000 3,48,000 3,200 16,000 160 8,350
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