The following is the trial balance of Mr. Deepak as on March 31, 2005. You are required
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The following is the trial balance of Mr. Deepak as on March 31, 2005. You are required to prepare trading account, profit and loss account and a balance sheet as on date :
Closing stock Rs. 35,000.
Transcribed Image Text:
Account title Drawings Insurance General expenses Rent and taxes Lighting (factory) Travelling expenses Cash in hand Bills receivable Sundry debtors Furniture Plant and Machinery Opening stock Purchases Sales return Carriage inwards Carriage outwards Wages Salaries Debit Amount Rs. 36,000 3,000 29,000 14,400 2,800 7,400 12,600 5,000 1,04,000 16,000 1,80,000 40,000 1,60,000 6,000 7,200 1,600 84,000 53,000 Account title Capital Bills payable Creditors Discount recived Purchases return Sales Credit Amount Rs. 2,50000 3,600 50,000 10,400 8,000 4,40,000
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