8) From the following ledger balances of Psat traders, prepare a Trading, P&L a/c and Balance...

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8) From the following ledger balances of Psat traders, prepare a Trading, P&L a/c and Balance sheet for the year ended 31-12-2020. Debit Purchases Returns Carriage Rent & Rates Opening Stock Debtors Salaries Wages Plant & Machinery Furniture Cash at Bank Amount 1,05,000 2000 1,000 2,800 19000 60000 25000 11200 70,000 Credit Capital Sales Creditors Returns Interest Discount Received 30,000 40,000 3,66,000 Adjustments: Closing stock 2. 25,000, Outstanding rent 2.600. Amount 70000 2,55,000 35000 1800 1000 3200 3,66,000 I 8) From the following ledger balances of Psat traders, prepare a Trading, P&L a/c and Balance sheet for the year ended 31-12-2020. Debit Purchases Returns Carriage Rent & Rates Opening Stock Debtors Salaries Wages Plant & Machinery Furniture Cash at Bank Amount 1,05,000 2000 1,000 2,800 19000 60000 25000 11200 70,000 Credit Capital Sales Creditors Returns Interest Discount Received 30,000 40,000 3,66,000 Adjustments: Closing stock 2. 25,000, Outstanding rent 2.600. Amount 70000 2,55,000 35000 1800 1000 3200 3,66,000 I