Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following
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Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following balances as on March 31, 2005.
Closing stock Rs.8,000
Transcribed Image Text:
Debit balances Stock Cash Bank Carriage on purchases Purchases Drawings Wages Machinery Debtors Postage Sundry expenses Rent Furniture Amount Rs. 20,000 5,000 10,000 1,500 1,90,000 9,000 55,000 1,00,000 27,000 300 1,700 4,500 35,000 Credit balances Sales Creditors Bills payable Capital Amount Rs. 2,45,000 10,000 4,000 2,00,000
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Trading and Profit Loss Account for the year ended March 31 2005 Particulars Amount Rs Sales 245000 ...View the full answer
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