The following are the extracts from the trial balance of M/s Bhola & Sons as on March
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The following are the extracts from the trial balance of M/s Bhola & Sons as on March 31, 2005
Closing Stock as on date was valued at Rs.3,00,000.
You are required to record the necessary journal entries and show how the above items will appear in the trading and profit and loss account and balance sheet of M/s Bhola & Sons.
Transcribed Image Text:
Account title Opening stock Purchases Sales Debit Rs. 2,00,000 8,10,000 10.10,000 Credit Rs. 10,10,000 10,10,000
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