Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on
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Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on March 31, 2005.
Stock on March 31, 2005 Rs.16,000.
Transcribed Image Text:
Account Title Buildings Plant Carriage inwards Wages Purchases Sales return Opening stock Machinery Insurance Interest Bad debts Postage Discount Salaries Debtors Debit Amount Rs. Account Title 23,000 Sales Loan Bills payable Bank overdraft 16,930 1,000 3,300 1,64,000 1,820 9,000 2,10,940 1,610 1,100 250 300 1,000 3,000 3,900 Creditors Capital Purchases return Credit Amount Rs. 1,80,000 8,000 2,520 4,720 8,000 2,36,000 1,910
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